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I'm currently reading Currency Wars by James Rickards. In it, he says that one way for a nation to boost its exports is to depreciate its currency by printing money. For example, let's say that the price of a German car is 20,000 marks or 20,000 US dollars. And let's say the exchange rate...
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I always have a hard time wrapping my head around the idea of money creation through fractional reserve banking. I get the general idea, but I have a hard time re-articulating that idea to other people. I use comparisons to help me understand concepts, so I would like to know if this comparison is basically...
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I recentely published this article on Global Research and on Rense.com http://www.thecactusland.com/2011/05/moral-hazard-of-modern-banking-how.html And while I am please to have thousands of readers, I was a bit disappointed in the discussion in the comments section. The real issue, one that is very...