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Reply #5: Someone who has the license to print "money."
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metapunditedgy
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Sat May-01-10 10:48 PM
Response to Original message |
5. Someone who has the license to print "money." |
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When you deposit your money and a bank lends it out again, it appears like the amount of money has doubled. But the actual value of that money stays the same. Banks control the virtualization of value, which we call money.
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