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Keyword: whendontthey

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  • When Governments Do Truly STUPID Things....

    07/10/2022 8:07:12 PM PDT · by bitt · 8 replies
    market-ticker.org ^ | 7/10/2022 | Karl Denninger
    They tend to collapse spectacularly and the "powers that be" almost-never survive politically -- and frequently physically. Sri Lanka is the latest example; they are literally bankrupt, having bought into the "green" thing and then... oops. The root causes were many, but chief among them were overspending and a commitment to "green" farming practices, which decimated crop yields, spiked prices and then of course here comes higher oil costs. The combination proved fatal to the economy. "The rich" are being literally chased down and slaughtered, with "rich" being defined as "has something, when we have nothing." The President fled the...