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Tuesday, 23 November 2010

The Secret of Oz

The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt". Remember: It's not what backs the money, it's who controls its quantity

See also item: 'Secrets of the Wizard of Oz'  http://news.bbc.co.uk/1/hi/magazine/7933175.stm

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