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The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble

December 17th, 2012
Categories: News, Economic

Link: http://www.paulcraigroberts.org/2012/12/17/the-fiscal-cliff-is-a-diversion-the-derivatives-tsunami-and-the-dollar-bubble/

The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut spending and to raise taxes. In other words, the “fiscal cliff” is going to happen either way.

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