WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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Sub Prime Mortgage Crisis
Sub prime mortgages were the debt that triggered a lot of liquidations and brought about a realization that the uro dollar system is leverage beyond belief. You need to go back to treasuripo it as another form of money. And now that it can plead pledge for collateral borrowed against, and the money that's lent to you is now as good as any other checking account deposit. So treasure ripo dollars, whir assistat. It's just dollar number three.
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