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Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers

 
G3
G3

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10/21/2012 03:13 PM

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Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
IMF's epic plan to conjure away debt and dethrone bankers

By Ambrose Evans-Pritchard

2:31PM BST 21 Oct 2012

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.

The IMF reports says the conjuring trick is to replace our system of private bank-created money.


One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined.

The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.

Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.

The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdemain will do the rest. That at least is the argument.

Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world.

cont'd:

[link to www.telegraph.co.uk]
Anonymous Coward
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10/21/2012 03:15 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
What does IMFs stands for?
Anonymous Coward
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10/21/2012 03:19 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
We're working on this and it's NO easy task. We have a couple more executives to dethrone before this can happen. I can't go into details but it's a real possibility. They know that the elusion is up and the fight is relentless.
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10/21/2012 03:20 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
What does IMFs stands for?
 Quoting: Anonymous Coward 18942426


International Monetary fund.
G3 (OP)
G3

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10/21/2012 03:24 PM

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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
We're working on this and it's NO easy task. We have a couple more executives to dethrone before this can happen. I can't go into details but it's a real possibility. They know that the elusion is up and the fight is relentless.
 Quoting: Anonymous Coward 18304550


How soon? By January 1st I hope

hf
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10/21/2012 03:28 PM

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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers


Last Edited by Present and Aware on 10/21/2012 03:30 PM
"Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and those ripples build a current which can sweep down the mightiest walls of oppression and resistance."
Senator Robert F. Kennedy, June 6 1966 (South Africa address)
Anonymous Coward
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10/21/2012 03:33 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
We're working on this and it's NO easy task. We have a couple more executives to dethrone before this can happen. I can't go into details but it's a real possibility. They know that the elusion is up and the fight is relentless.
 Quoting: Anonymous Coward 18304550


How soon? By January 1st I hope

hf
 Quoting: G3


It's hard to say. Just know that there are a lot of people working really hard to make it happen. The debt is an illusion and they are trying to gather as much wealth as possible (my family included. Just in case). I can't promise what it will look like in the end however we THINK it will be good. I'm just involved in logistical side so I don't have any visibility into how hard the fall will be. I can tell you that it's very likely (85% chance at this point) that we will be going back to the gold standard.
Anonymous Coward
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10/21/2012 03:34 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
boring
Anonymous Coward
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10/21/2012 03:45 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
boring
 Quoting: Anonymous Coward 15884879


how the fuck is this boring shill this could be the best thing for us all and you stupidly bleet like the sheep you are boring fucking grow up
Anonymous Coward
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10/21/2012 04:07 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
boring
 Quoting: Anonymous Coward 15884879


how the fuck is this boring shill this could be the best thing for us all and you stupidly bleet like the sheep you are boring fucking grow up
 Quoting: Anonymous Coward 25896205


It's ok. I'm used to it.
Anonymous Coward
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10/21/2012 04:11 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
Anonymous Coward
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10/21/2012 04:11 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


If you say so. Apparently you are "in the know"
Anonymous Coward
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10/21/2012 04:15 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


Also, do you understand the difference between "Fake" fiat money and money backed by an asset? Don't get me wrong, no one knows why gold is that asset but it seems better than being backed by nothing. I also agree with you that it doesn't matter who creates it as long as it's backed by something and not subject to the endless printing press.
Anonymous Coward
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10/21/2012 04:19 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


Also, do you understand the difference between "Fake" fiat money and money backed by an asset? Don't get me wrong, no one knows why gold is that asset but it seems better than being backed by nothing. I also agree with you that it doesn't matter who creates it as long as it's backed by something and not subject to the endless printing press.
 Quoting: Anonymous Coward 18304550


Money backed by an asset.

Great idea .. i take greek and spanish bonds just like the ECB does tounge


Backing basically means: the guarantee that somebody, somewhere will work for your money.

I prefer real money which means: somebody has already worked for it (gold and silver as an example)
Anonymous Coward
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10/21/2012 04:36 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
He is coming.
Anonymous Coward
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10/21/2012 04:38 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
It worked for Hitler.
Anonymous Coward
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10/21/2012 04:51 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


Also, do you understand the difference between "Fake" fiat money and money backed by an asset? Don't get me wrong, no one knows why gold is that asset but it seems better than being backed by nothing. I also agree with you that it doesn't matter who creates it as long as it's backed by something and not subject to the endless printing press.
 Quoting: Anonymous Coward 18304550


Money backed by an asset.

Great idea .. i take greek and spanish bonds just like the ECB does tounge


Backing basically means: the guarantee that somebody, somewhere will work for your money.

I prefer real money which means: somebody has already worked for it (gold and silver as an example)
 Quoting: Anonymous Coward 331367


Not going to happen. There has to be a compromise. It's not realistic that people will carry around gold and silver. Beyond that, like it or not the plan is to go all electronic. The underground economies will transform from cash to barter. We think it's the better of the two.
Anonymous Coward
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10/21/2012 04:57 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
What does IMFs stands for?
 Quoting: Anonymous Coward 18942426


New World Order !!
Anonymous Coward
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10/21/2012 04:57 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
OP, this paper is a trick, a diversion and a bushwhack!

The IMF was created by the Rothschild (et. al.) network.

This paper is to trick non-members, who_understand, into thinking that some progress can be made against the hidden banking power.

The Rothschild network is now deeply-enough ensconced in government to replace private central banking with "government" central banking.

In reality, the central banks will still cause the same damage to the population, only now, debt will be enforceable by violence.

Imagine if your car loan could be collected by the IRS?

This means your loan will be collateralized by your life. Your imprisonment for non-payment will be bonded at 1000:1 on the trading market and your death for resisting will be discharged at 10,000,000:1 as in insurance payoff.

Allowing ANY of the Rothschild organizations to "solve" financial problems is pouring gasoline on a fire.
Anonymous Coward
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10/21/2012 04:58 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
OP, this paper is a trick, a diversion and a bushwhack!

The IMF was created by the Rothschild (et. al.) network.

This paper is to trick non-members, who_understand, into thinking that some progress can be made against the hidden banking power.

The Rothschild network is now deeply-enough ensconced in government to replace private central banking with "government" central banking.

In reality, the central banks will still cause the same damage to the population, only now, debt will be enforceable by violence.

Imagine if your car loan could be collected by the IRS?

This means your loan will be collateralized by your life. Your imprisonment for non-payment will be bonded at 1000:1 on the trading market and your death for resisting will be discharged at 10,000,000:1 as in insurance payoff.

Allowing ANY of the Rothschild organizations to "solve" financial problems is pouring gasoline on a fire.
 Quoting: Anonymous Coward 12352616


FAIL for now.
Anonymous Coward
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10/21/2012 05:03 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
OP, this paper is a trick, a diversion and a bushwhack!

The IMF was created by the Rothschild (et. al.) network.

This paper is to trick non-members, who_understand, into thinking that some progress can be made against the hidden banking power.

The Rothschild network is now deeply-enough ensconced in government to replace private central banking with "government" central banking.

In reality, the central banks will still cause the same damage to the population, only now, debt will be enforceable by violence.

Imagine if your car loan could be collected by the IRS?

This means your loan will be collateralized by your life. Your imprisonment for non-payment will be bonded at 1000:1 on the trading market and your death for resisting will be discharged at 10,000,000:1 as in insurance payoff.

Allowing ANY of the Rothschild organizations to "solve" financial problems is pouring gasoline on a fire.
 Quoting: Anonymous Coward 12352616


FAIL for now.
 Quoting: Anonymous Coward 18304550


You are correct in some respects though. The elder Rothchilds and Morgans are dying off. A new generation is coming in and we don't see things the same as our great grandparents and grand parents. I'll leave it at that.
Anonymous Coward
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10/21/2012 05:06 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


yes.

also,
major issues arise when forcing a monopoly on the medium of exchange.

even if the medium is "real" and not "fake". many problems will still if there is a singular medium.

a monopoly on the medium of exchange grants the monopolizer absolute control on the values being exchanged.
Anonymous Coward
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10/21/2012 05:09 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
So, the take a bunch of ZEROS off the debt, reduce everyones debt the same amount, but leave those in charge in charge.

You pay a dollar for a gallon of gas but the bankers and money changers still get their cut of it.

It would not change anything accept the illusion that the numbers are smaller, so its okay.

Stupid and nothing new, been happening for hundreds of years. Those in control also control this 'solution' which will lead to the same 'problem' and the cycle will continue.
Anonymous Coward
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10/21/2012 05:13 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
I always knew that's what the IMF was created for in the back of my mind.

Even though I started to believe the demonetization of it I started to realize that anything demonized to the extent that the IMF had been is probably a good organization.


I believe that past 5-6 years has been to prepare the US economy for the switch which will happen.


Notice how the banks had been running up free money practically giving everyone a loan even if they couldn't afford to pay it back.

Then they tried to crash it. Then the government steps in and puts restriction on how much a bank could lend.

Then governments world wide have been running up debts like they don't ever have to pay it back. Practically printing money in place of the money they are restricting banks from lending.


A big ass conspiracy against the bankers. This is fucking exciting.

I need a beer.
Anonymous Coward
User ID: 18304550
United States
10/21/2012 05:13 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


yes.

also,
major issues arise when forcing a monopoly on the medium of exchange.

even if the medium is "real" and not "fake". many problems will still if there is a singular medium.

a monopoly on the medium of exchange grants the monopolizer absolute control on the values being exchanged.
 Quoting: Anonymous Coward 14170900


Yes however that is only true until the medium is changed. My generation knows that we can't hold onto the old values. That being said, we're trying to figure out how to change things. Trust me, none of my family/generation wants to be hunted down. We are fighting to undo things but it's really hard and we are scared shitless.
Anonymous Coward
User ID: 18304550
United States
10/21/2012 05:16 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
I always knew that's what the IMF was created for in the back of my mind.

Even though I started to believe the demonetization of it I started to realize that anything demonized to the extent that the IMF had been is probably a good organization.


I believe that past 5-6 years has been to prepare the US economy for the switch which will happen.


Notice how the banks had been running up free money practically giving everyone a loan even if they couldn't afford to pay it back.

Then they tried to crash it. Then the government steps in and puts restriction on how much a bank could lend.

Then governments world wide have been running up debts like they don't ever have to pay it back. Practically printing money in place of the money they are restricting banks from lending.


A big ass conspiracy against the bankers. This is fucking exciting.

I need a beer.
 Quoting: Anonymous Coward 3987337


You don't need a beer. You hit the nail on the head. Good for you. You obviously think "out of the box" and logically. Kudos
Anonymous Coward
User ID: 26031975
United States
10/21/2012 05:22 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
OP, this paper is a trick, a diversion and a bushwhack!

The IMF was created by the Rothschild (et. al.) network.

This paper is to trick non-members, who_understand, into thinking that some progress can be made against the hidden banking power.

The Rothschild network is now deeply-enough ensconced in government to replace private central banking with "government" central banking.

In reality, the central banks will still cause the same damage to the population, only now, debt will be enforceable by violence.

Imagine if your car loan could be collected by the IRS?

This means your loan will be collateralized by your life. Your imprisonment for non-payment will be bonded at 1000:1 on the trading market and your death for resisting will be discharged at 10,000,000:1 as in insurance payoff.

Allowing ANY of the Rothschild organizations to "solve" financial problems is pouring gasoline on a fire.
 Quoting: Anonymous Coward 12352616


IMF plan sounds good and all but...iamwith
Anonymous Coward
User ID: 18304550
United States
10/21/2012 05:24 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
OP, this paper is a trick, a diversion and a bushwhack!

The IMF was created by the Rothschild (et. al.) network.

This paper is to trick non-members, who_understand, into thinking that some progress can be made against the hidden banking power.

The Rothschild network is now deeply-enough ensconced in government to replace private central banking with "government" central banking.

In reality, the central banks will still cause the same damage to the population, only now, debt will be enforceable by violence.

Imagine if your car loan could be collected by the IRS?

This means your loan will be collateralized by your life. Your imprisonment for non-payment will be bonded at 1000:1 on the trading market and your death for resisting will be discharged at 10,000,000:1 as in insurance payoff.

Allowing ANY of the Rothschild organizations to "solve" financial problems is pouring gasoline on a fire.
 Quoting: Anonymous Coward 12352616


IMF plan sounds good and all but...iamwith
 Quoting: Anonymous Coward 26031975


IMF is just a part of it.
Anonymous Coward
User ID: 14170900
United States
10/21/2012 05:24 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


yes.

also,
major issues arise when forcing a monopoly on the medium of exchange.

even if the medium is "real" and not "fake". many problems will still if there is a singular medium.

a monopoly on the medium of exchange grants the monopolizer absolute control on the values being exchanged.
 Quoting: Anonymous Coward 14170900


Yes however that is only true until the medium is changed. My generation knows that we can't hold onto the old values. That being said, we're trying to figure out how to change things. Trust me, none of my family/generation wants to be hunted down. We are fighting to undo things but it's really hard and we are scared shitless.
 Quoting: Anonymous Coward 18304550


=)
you sound as though youre speaking from the inside of a conspiracy..

im sorry youre scared.... although, in my experience fear can be quite a motivating force for learning...
i assume thats what it will be for you.
Anonymous Coward
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10/21/2012 05:25 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
IMF

I'M 6

I AM 6....



(6th letter of the alphabet)

Just sayin'...
Anonymous Coward
User ID: 140124
Canada
10/21/2012 05:32 PM
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Re: Here We Go ---> IMF's epic plan to conjure away debt and dethrone bankers
Won`t happen.

Watch out for helicopter crashes and freak car and household accidents.

And fake money is fake money .. no matter who creates it.
 Quoting: Anonymous Coward 331367


yes.

also,
major issues arise when forcing a monopoly on the medium of exchange.

even if the medium is "real" and not "fake". many problems will still if there is a singular medium.

a monopoly on the medium of exchange grants the monopolizer absolute control on the values being exchanged.
 Quoting: Anonymous Coward 14170900


Yes however that is only true until the medium is changed. My generation knows that we can't hold onto the old values. That being said, we're trying to figure out how to change things. Trust me, none of my family/generation wants to be hunted down. We are fighting to undo things but it's really hard and we are scared shitless.
 Quoting: Anonymous Coward 18304550


=)
you sound as though youre speaking from the inside of a conspiracy..

im sorry youre scared.... although, in my experience fear can be quite a motivating force for learning...
i assume thats what it will be for you.
 Quoting: Anonymous Coward 14170900


He's role playing, let him have his fun. He couldn't even spell elusion (illusion?) in his first post so I'm sure he had his 'family' secure the best private education money could buy.

This article is still awesome though. The reason it's getting a cult following is because of how much sense it makes. Maybe there is hope after all.

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