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Michael “Mish” Shedlock argues that the enormous amount of debt taken on by the United States and its citizens dooms our country to a second Great Depression and a future of much lower living standards. He provides convincing evidence that current policies of deficit spending printing money by the FED, even if showered from Ben Bernanke’s Federal Reserve printing press equipped helicopters will fail.
The implications for investors if Mish is correct suggests it is a huge mistake to buy back into the stock market now. In fact, investors should be using this rally to sell stocks and raise
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