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This could be in different forms and may or may not include a policy for the periphery to catch up. But it is hard to see without some federal treasury.

Why is that? Peripheral dirt poor countries have shown themselves to be able to do just that, without requiring aid from some foreign federal treasury. Even without being able to run a weak currency either, as we had the gold standard back then.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Dec 24th, 2010 at 06:46:03 AM EST
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