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Friday, July 24, 2009

Coming soon to a western nation near you: demographic decline

". . . Britain, Spain, France, Germany, Italy, the US, and Japan are in varying states of fiscal ruin, and those tipping into demographic decline (unlike young Ireland) have an underlying cancer that is even more deadly. The West cannot support its gold-plated state structures from an aging workforce and depleted tax base.”
-- from The Telegraph in London as quoted by Bill Bonner


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