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Why We're Ungovernable, Part 4: Hollande's Short Honeymoon - John Rubino - Dollar Collapse

This is a fine article by Rubino until the final sentence. His contention was that we will remain ungovernable until the market puts an end to fiat currencies. As whatever it is that we choose to represent money is by decree, all currency is necessarily fiat, gold included. It can be no other way. The problem has never been what has been chosen to represent money, but how that money got spent.

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Beginning of the headline : The premise of this series is that once a country's debt rises to a certain level, the country becomes impossible to govern.Voters accustomed to a relatively easy life based on other people's money won't accept the truth that they're not actually rich, so each new leader sees his or her popularity plunge almost immediately and their "reform" program, whatever it happens to be, quickly discredited and abandoned... Read More

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