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Commodity-Based Money (Gold, Oil) is Undesirable [Eurodollar University, Ep. 230]

Eurodollar University

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In 1929, the Private Bank Deposit Money Balance Was 35 Point Nine Billion

In 19 29, the size of private bank deposit money balance was 35 point nine billion. Now it's at just under 13, 12 point eight five. But if you look at just the cash, just the physical cash, something physical to back this up, we're at a ratio of 83 to one. While you don't see those numbers even in the silver comodi might, mark et, jeff, that's going to make people blush. And i guess the point is,. jeff, then how important was the gold in all this? It seems like it wasn't very important at all.

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