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To: Errant

I watched part of it. I’ll finish it at home. I wonder if it is going to get into the concept that all money is loaned into existence. ;)


6 posted on 03/24/2014 1:25:22 PM PDT by cuban leaf
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To: cuban leaf
I don't know about all money, but I'd say most of the fiat currency in existence today was loaned/borrowed into existence. The primary sources are government debt (ours and foreign), commercial paper, fractional banking, and consumer debt (i.e. credit cards). Then we have the really big daddy of all mass financial destruction: derivatives with what, about 1,000 trillion in worldwide exposure?

So why is the world's central banks and governments so concerned about little ol' Bitcoin with a total cap presently of around only 10B?

Things that make you go hmmmmm...

7 posted on 03/24/2014 1:36:34 PM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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