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Money as Debt
Monday, May 07, 2007
This is what Helicopter Ben really means when he talks about the money printing press. It is a debt process. Central bankers don't like gold (the barbaric metal) because gold is the only money that is
not
based on debt, therefore cannot be created from thin air. As a result, gold holds its value as other currencies evaporate into inflation.
Posted by Michael Nystrom
Money as Debt
This is what Helicopter Ben really means when he talks about the money printing press. It is a debt process. Central bankers don't like gold (the barbaric metal) because gold is the only money that is
not
based on debt, therefore cannot be created from thin air. As a result, gold holds its value as other currencies evaporate into inflation.
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