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James Turk: Last Plane Account
July 22, 2008.
I lived in South East Asia for most of the 1970s, working in the branch offices there for one of the large New York City banks.
I was a line officer. This meant that I was not in the back-office, but instead, I dealt with the banks customers, which
principally were large corporations and the wealthy individuals who owned them. As a line officer I was responsible for developing
the banks business relationships, and one of the ways I did this was by making sure the banks customers were aware of all of the
banks capabilities through its myriad of products and services. One of these products was called a last plane account.
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Time to Start Honing the Message
July 20, 2008. For gold bugs, the past few years have been kind of peaceful, intellectually speaking.
Because they understood the dynamic of fiat currency leading to excessive borrowing leading
to financial crisis, they were neither confused about what was happening nor swayed by the
gibberish that passed for expert opinion. Alan Greenspan could ramble and Larry Kudlow could rant,
but who cared? In the end the laws of economics would prevail; housing
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