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Deflation Confusion: Money Is Not Credit - Robert Blumen -

In the world of fiat currency treasury debt can be used as collateral in a commodity contract, so in that case debt becomes money. THAT is why fiat currency is sooooo harmful to us little guys. GOT GOLD?

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Beginning of the headline :The end is near. The end, that is, of the current monetary system. But inflation or deflation? Dow 1,000 or wheelbarrow money? While the arguments on the deflation side are not entirely without merit, they rely on conceptual errors that result in exaggerating the magnitude of a possible deflation... Read More

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