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Katrina will have a major impact and probably speed up the crash by a year or so. There are other major factors that could destroy our economy. A war with Iran or China finally decided to spank Taiwan could all cut off credit line.
I don't think he's concerned with what people will say as Americans forget quickly. Once banks start foreclosing on homes across America and oil companies more openly make policy the family that started it all will be considered royalty amoung the elite.
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