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"The financial system can't be fixed"

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Richard Martin - The Wake Up Call

Without a doubt, one of the gloomiest forecasters out there.

But it's difficult, if not impossible, to argue with his numbers or his logic.

The bailout are Band-Aids at best, but a lot more like a shell game which is destined to end badly for anyone whose wealth depends on any counter-party promise - stocks, bonds, pensions, perhaps even bank accounts.

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