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How do you know when you are about to be run down by a train? Well, typically you see it coming. What about when Credit Default Swaps are about to blow up and see the financial world flying off a cliff; how does one see that coming? Well, you can only see that you have fallen and as you are tumbling toward planet earth and picking up speed as you fall!! Sounds awesome!
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Read more about John Rubino: Debt Jubilee for the Bankers – Austerity for the Rest of Us