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# 'credit crunch'
The people who lent money to others to buy goods and houses, suddenly stopped lending that money and have spent it themselves (buying gold and oil etc)
Mainly the Chinese and Russian Govts and middle eastern oil states
(I helped save b3ta! CanonCaliber A big bore, Mon 27 Apr 2009, 12:53, archived)
# Add into that - they spent profit they never made.
(waxdart hello., Mon 27 Apr 2009, 13:14, archived)