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Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

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What Are the Biggest Misconceptions About the US Dollar?

Banks are nothing more than a warehouse of government cash. The US dollar denomination applies to this euro dollar system, which spans the entire world. There's an entire wholesale system out there, interbank system, and there really isn't much cash involved at all. It is a virtual ledger system that has expanded beyond all sorts of traditional money boundaries.

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