The New Depression: The Breakdown of the Paper Money Economic system

The New Depression: The Breakdown of the Paper Money Economy

Why the international recession is in danger of becoming yet another Fantastic Depression, and how we can cease itWhen the United States stopped backing dollars with gold in 1968, the nature of funds changed. All earlier constraints on cash and credit creation were removed and a new financial paradigm took form. Economic growth ceased to be driven by capital accumulation and investment as it had been given that ahead of the Industrial Revolution. As an alternative, credit creation and consumption began to drive the economic d

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