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when you run a balance of accounts deficit it is kind of like your trading partner, e.g. China, is giving you stuff for free.

It is for free, if you finance your consumption by issuing debt, and then defaults on the debt.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat May 31st, 2008 at 07:18:36 PM EST
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