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The New DU. Reply #9: We may have a sovereign currency
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notesdev
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Sun Oct-31-10 09:33 PM
Response to Reply #5 |
| 9. We may have a sovereign currency |
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but the sovereign for our currency is not the US government but the banking cartel known as the Federal Reserve.
So really the limiting factor is how far they can debase the currency to absorb financial sector losses before the oil shock makes the Main St. economy seize up.
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