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The Death of Paper Money

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posted on Jul, 28 2010 @ 12:07 PM
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'People’s willingness to hold money can change suddenly for a "psychological and spontaneous reason" , causing a spike in the velocity of money. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money"
www.telegraph.co.uk...




posted on Jul, 28 2010 @ 12:09 PM
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reply to post by gem_man
 


"psychological and spontaneous reason"

Typical Keynesian nonsense.

People are rational and make rational decisions on the large scale.

People stop holding paper money when they know the government is about to destroy it by running the printing press.

Keynesian economists are criminal liars that have colluded with the central banks and governments to promote the State agenda.

They are criminals.

Aiding and abetting a crime is a crime in and of itself.


All the reasons why the economic implosion occurred:


And why total economic destruction is almost assured under our current system:


[edit on 28-7-2010 by mnemeth1]



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