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Leisure and Society
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The Writers Guild
Creative Writing
write something nonsensical, surreal, silly. (3)
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<blockquote data-quote="fleamailman" data-source="post: 68335737" data-attributes="member: 313539"><p>repost from elsewhere</p><p></p><p></p><p></p><p>"...yes mutual funds were based on that theory that a ship like the titanic would be unsinkable if the risk were spread out enough through having other compartments still compensate thus keep it afloat, yet it was only when it was showed that when enough of those compartment where compromised then whole ship would sink, thus however much the spread is diversified in itself it remains no true assurance then, and that the mutuality of it was a false security by that default there...", it was just that the goblin saw that that the three biggest debtor nations globally by size of their debt were america, japan, and britain, where they represented the cornerstones countries of what is now considered "the western banking system", whereas russia and china, albeit in a slowing economy too, were still running surpluses now, sighing "...king dollar it is then, but as the dollar's value goes up, less and less trade will be denominated in dollars as seen, moreover, less and less debt will be taken out in dollars too, which would be fine if both the dollar pound and yen too didn't each have this enormous debt to repay now, in short, those three countries need to devalue their currencies to get out of their crippling debt yet in doing so other countries will dump their bonds exchanging them for hard assets instead, yes hardly an enviable situation to say the least..."</p><p></p><p><img src="http://www.writerscafe.org/uploads/rte/e8f26c72bb0f535dcd4aa2addf572a44.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="fleamailman, post: 68335737, member: 313539"] repost from elsewhere "...yes mutual funds were based on that theory that a ship like the titanic would be unsinkable if the risk were spread out enough through having other compartments still compensate thus keep it afloat, yet it was only when it was showed that when enough of those compartment where compromised then whole ship would sink, thus however much the spread is diversified in itself it remains no true assurance then, and that the mutuality of it was a false security by that default there...", it was just that the goblin saw that that the three biggest debtor nations globally by size of their debt were america, japan, and britain, where they represented the cornerstones countries of what is now considered "the western banking system", whereas russia and china, albeit in a slowing economy too, were still running surpluses now, sighing "...king dollar it is then, but as the dollar's value goes up, less and less trade will be denominated in dollars as seen, moreover, less and less debt will be taken out in dollars too, which would be fine if both the dollar pound and yen too didn't each have this enormous debt to repay now, in short, those three countries need to devalue their currencies to get out of their crippling debt yet in doing so other countries will dump their bonds exchanging them for hard assets instead, yes hardly an enviable situation to say the least..." [IMG]http://www.writerscafe.org/uploads/rte/e8f26c72bb0f535dcd4aa2addf572a44.jpg[/IMG] [/QUOTE]
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