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Now Let’s Get Rid Of The Income Tax Nathan Lewis The Current Account Deficit Nathan Lewis The Current Account Deficit #2: Savings and Investment Nathan Lewis The Current Account Deficit #3: Complete Nonsense Nathan Lewis

S W
Member since May 2012
668 commentaries - 5 followers

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Debt Heaven Fallacy, not on Earth

- Jim Willie CB - Hat Trick Letter

I will hazard a guess and suggest that at least 95% of the world's population (>20 yrs old) would be clueless as to how dangerous it is to leave money in a bank.
Depositors are unsecured creditors and are therefore at risk of not being able to get money out if and when they want, or more specifically, need it.
Now is as good a time as ever to take it out and swap it for real money !!!

Good stuff Jackass.

Commented 3553 days ago

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Beginning of the headline :Today marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift. Let it rain; let it pour. For a full generation, the Western central bankers have relied upon debt to solve debt saturation problems as well as economic slowdowns founded within the credit cycle. In the last four years, they have added reliance upon free cost printed money to solve debt saturation and insolvency problems. The USTreasury Bond market has vanished for all... Read More

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