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  • It can happen in just a few months. Economics are a wild subject. All you need, is a free market, which includes free entry and no special benefits that hurt competition. Then any small fry can innovate another industrious solution, tailored towards the needs of today, and take down the big guy. But, because the new solution(good or service) is better than the old, the entire market will adopt the bits that it likes and continuously improve. Because most humans thrive on accomplishments, people quickly forget the bad, and work on growing and building the good. If the big guy doesn't adapt their business, instead they have an incentive to fund all types of projects and invest, where otherwise they may not have invested in anything but themselves. :)
    No problem. Economics of all sides are possibly my biggest hobby. :)

    First, you have to ask yourself, what is a recovery? Making up for lost time, or advancing past where you might consider an ideal point? Due to the dollar being destroyed, many forms of recovery could happen within 4-6 months. But that assumes that we do the right things to grow the economy. My guess is that if a collapse happens, it would give the control-freaks in power(or influence) a reason to scare people into another temporary framework that doesn't truly grow or recover the economy. Historically, that is how the monetary power cycle runs. Throw us a bone, then milk our labors to the max.
    Yeah, and we didn't bother to learn from some of this history. The main culprit was trying to "fix" a rate, which was goofy. We watched our bank panics on October 1929, and England did a different "panic", by not reinvesting their reserves to keep the wheels going. LOL

    My slight bias might show because I don't support central planned economies. Central standards for weight and measurements, sure, but the economy, much like humanity, is organic.
    Well, gold and currency go hand and hand. Most of us are watching BRICS closely. If their pact does away with the US dollar as the reserve currency, then we are truly screwed.
    Watch out for those who are using sound information, to scare people into pumping investments. Commodity backed currency holds government in check from doing something that it can not afford without raising taxes. Politicians hate the gold standard, and things like it, because it takes away their blank checks and forces us to be accountable.
    Libration is the point where the moon is closest to the earth in it's phases. Because most of the eclipse happened over the ocean, there was a huge tidal effect too, that aids to libration, and it would bring the tide up so the ship would be slightly close to the moon.

    tl;dr Basically the moon would have appeared bigger, and the "ring of fire" would have been tiny.
    Good pic. :)

    I wonder if anyone managed to find any good shots of the eclipse during the maximum tidal libration? They would have to be on a ship somehow.
    i think it was like a month ago! and you should. send me the links to img and il tell ya which one it was.
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