Is America Broke Part II, The Debt God :: The Market Oracle …
Written by admin on August 4, 2009 – 4:21 am -In a publication from the Federal Reserve Bank of Chicago, entitled Two Faces of Debt, we find: “ Currency is so widely accepted as a medium of exchange that most people do not think of it as debt.” …. This is why the money supply must continue to expand – to meet the ever-increasing service costs (interest rates) on the already existing loans (credit). Paper money must inflate or die – actually, it dies either way: as runaway inflation eventually turns into … Go here to see the original: Is America Broke Part II, The Debt God :: The Market Oracle … Read More →
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