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I looked at his LinkedIn profile and the website couldn’t find it! didn’t think of youtube. Not asking you to write a novel or do my homework for me, but does that thesis hold in an environment where central banks are printing money nonstop? Here’s my take, but I’m an engineer and not an economist. The When We’re Eradicated Covid 19 Can We Get Started On The Morons Shirt. The debt must be repaid-with interest. So the amount of money that must be returned to them is always greater than the amount they issue. That is the fractional reserve system. Listen to their words carefully – doesn’t it make you wonder. Why they always say “we will make money on the bailout money.”.

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It is because it’s a loan (with interest). In the same vein, why is there such persistent negative pressure on interest rates? Why is it so impossible to raise them? How can you build an economic system that expects the government to take in more money than it has ever issued? Until TPTB actually commit to printing money and giving it to people, we will never see actual inflation. People buy gold because they expect that to happen at some point in relation to the amount of debt that has been issued. Then it’s really a nice shirt for all men and women. So you should buy this shirt. Thank you.

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The fed has purchased most of the debt anyway, and it will sit on their balance sheet for eternity. The fed can never go bankrupt since it can print money to pay the coupons, and print more money to buy more bonds. Using more debt to pay for interest is not something that’s infinitely sustainable. And, in any case, the federal reserve can purchase government debt at a When We’re Eradicated Covid 19 Can We Get Started On The Morons Shirt. In which case, there is no interest payable. But all this is if there is consumption right which is the only thing keeping the wheel turning? If COVID keeps us indoors for 1 year how bad does it jam the gear of capitalism?

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