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RandolphSStewart
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When an economist understands what I am about to explain, he or she will impress me above the norm since the subject is already the ridiculously complex story of the production and consumption of ever... View More
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RandolphSStewart
(con't) In other, simpler words, The VALUE of America's existing ASSETS (real estate, infrastructure, gold, factories, inventory, bankable assets, stocks, bonds, that 1920s $10,000 painting from Aunt Sally's estate, credits minus debits, all of it) PLUS PRODUCTION (factory output, services, intelle... View More
RandolphSStewart
In a system where our debt ratio is around 120%, that time may be approaching faster than we think, the credit/debt system will crash, and only those holding forfeiture to titles will be left standing.
Instant serfdom.
As you can see, fiat currency holds tremendous economic benefit at long as protec... View More