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Tag Archives: 5.) Charles Hugh Smith

Why Is What Was Once Affordable to Many Now Only Affordable to the Wealthy?

With these speculative and risk management skills accessible only to the wealthy, no wonder only the wealthy have gained purchasing power in the 21st century. Let’s start with an excerpt from a recent personal account by the insightful energy/systems analyst Ugo Bardi, who is Italian but writes his blog Cassandra’s Legacy in English: Becoming Poor in Italy. The Effects of the Twilight of the Age of Oil. “I am not poor....

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