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

Eurodollar University

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The Feds Bank Reserves - Is That Correct?

There was 739 million of those. And then there was also 266 million of reserves. Now these things were not physical. They were ledger based entries for a very narrow subset of the economy with narrow set of customers. So you had vault cash, physical good, plus bank reserves. That is the real money in the system. An well, real it was becoming rmember hybred.

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