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NO more relationships with 'girls next door'!; - after TWO in the 'Priory Street Posse'!

‘True Love Reigns’ after another break lasting many years. With a truly slow, dreamy, so ROMANTIC love affair with “ma (Menopausal) Grandma Julia Conyard next door”… With her equally unmissable and unforgettable wayward foster daughter Rachel Conyard-Whorewould! From 7/7/7 – with a whole sixteen month timeout surrounding all of 2008 - right up to about 9/9/9… The fifth part of his autobiography, covering 2007 into 2009 with the theme “With Doctors like these, who needs Enemies?” FOURFold il Professori Emeritus sed moltissimo Modestus Mr Simon Richard ‘Pilchard’ Day Lee BA MA (Cambridge) CEng MIEE MIET MInstMC Electric Zen Buddha (as on Face Book)

‘True Love Reigns’ after another break lasting many years. With a truly slow, dreamy, so ROMANTIC love affair with “ma (Menopausal) Grandma Julia Conyard next door”…

With her equally unmissable and unforgettable wayward foster daughter Rachel Conyard-Whorewould!

From 7/7/7 – with a whole sixteen month timeout surrounding all of 2008 - right up to about 9/9/9…

The fifth part of his autobiography, covering 2007 into 2009 with the theme “With Doctors like these, who needs Enemies?”

FOURFold il Professori Emeritus sed moltissimo Modestus Mr Simon Richard ‘Pilchard’ Day Lee BA MA (Cambridge) CEng MIEE MIET MInstMC

Electric Zen Buddha (as on Face Book)

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1. Introduction. Imag<strong>in</strong>e a world <strong>with</strong> ‘Money as a th<strong>in</strong>g<br />

of <strong>the</strong> past’. With <strong>the</strong> clock wound back all of 70 years<br />

so <strong>the</strong>re are only a few computers aga<strong>in</strong>.<br />

The current worldwide recession (I share <strong>the</strong> <strong>in</strong>creas<strong>in</strong>g views<br />

of many commentators that it is a Second Great Depression<br />

that may last years if unchecked by a world government<br />

<strong>in</strong>itiative) started life as <strong>the</strong> tritely and glibly misnamed ‘credit<br />

crunch’ back <strong>in</strong> September 2007. Banks stopped giv<strong>in</strong>g out<br />

vast amounts of cheap credit – around that time <strong>the</strong> long term<br />

bubble <strong>in</strong> massive and escalat<strong>in</strong>g property prices on both sides<br />

of <strong>the</strong> Atlantic, also burst.<br />

S<strong>in</strong>ce <strong>the</strong>n world stock markets have collapsed <strong>in</strong> a series of<br />

drastic falls, notably <strong>in</strong> September 2008, a year <strong>after</strong> <strong>the</strong> start<br />

of this ‘credit crunch’ cum Second Great Depression. Now <strong>the</strong><br />

world and its leaders are both apportion<strong>in</strong>g blame as ever,<br />

often quite wildly, and grasp<strong>in</strong>g onto straws to f<strong>in</strong>d ways to get<br />

<strong>the</strong> apple cart of <strong>the</strong> world economy upright and work<strong>in</strong>g aga<strong>in</strong>.<br />

Was it all greedy bankers’ fault – or was it greedy<br />

homeowners? They ask.<br />

60

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