Quote:
Originally Posted by Looger
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debt financing is what keeps this whole corrupt gong show on its feet, the private reserves lending money and creating currency forever. nothing at all to back it up.
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not sure EXACTLY how it goes in canada, though i know that since the 50s we've abandoned fractional reserve - at last count 13-1 - and now the reserve lends unlimited regardless of reserve size.
this all of course is a ridiculous house of cards.
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How do you foresee the "house of cards" collapsing?