It can be argued that gold prices could presently be trading significantly lower if not for this major sore in the world market place continuing to fester.
Anyone with any imagination has been expecting some sort of crashing in of the larger world into this little bubble of American bliss for years, if not decades.
BBC: News | NEWSNIGHT | Jonathan Franzen interview transcript
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It's also worth noting in this issue, which lists the world's 500 biggest public companies, that bad if not catastrophic things happen to corporate giants for lots of reasons.
The message is this: All the physical strength in the world won't help you if your mind is not prepared.
If this correlation is not recognized we inadvertently create unhappiness and suffering in the world around us, while we are simultaneously focusing on alleviating suffering elsewhere.
It turns out that most of the governments in the world have some sort of stable-value policy, in this way also giving up most, if not all, of any ambitions to manage their economies with money-jiggering.
FORBES: 40 Years Of Floating Money, 40 Years Of The Average Worker Getting Poorer
You have to pay for protection on the downside in good years, but the premium for this insurance policy is not particularly high if you believe, as I do, that we live in a world of heightened Knightian risk.
In this less than ideal world, if the United States and others continue to decline to extend such recognition, Germany should not hesitate to press ahead.
It left me suspended in a bad joke in which a living man inexplicably becomes two pints of dust and everyone acts as if this were not a joke at all but, rather, the most reasonable thing in the world.
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