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Max Kaiser remembers Second Life


Cio Koba
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A rich man is stranded on a desert island.  The only thing he has on him is a bag of diamonds.   In these circumstances the diamonds are worthless and useless.   The whole western economy is not what we thought it was - it was based on the perceived increasing values of property and shares.  We still don't really know the truth about the economy.  How many companies are still over-valuing their assets on their balance sheets?  Things are going to get a lot worse.

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