@Spacebull - The Basis Of A Healthy Civilisation is A Savings Account. #bitcoin Fixes This. - #318
Once Bitten! A Bitcoin Podcast.
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The Mandrake Mechanism
The man Drake mechanism is an accounting trick that allows the Federal Reserve to produce money from nothing. It's basically like, they shuffled the books around so that the money appears out of nowhere and using bonds, they loan it out. And then when somebody repays it, then the money goes away. The United States have legalized accounting fraud.
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Transcript
