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The nature of money

The David McWilliams Podcast

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What Is Quantitative Easing?

The bankruptcy of the global banking system continues to reverberate. The consequences are the unstable hold of political power in our social democracies. We have not seen anything in the manner of plentiful monetary creation from that source of money. And then we fall upon the third and final form of money, which is pure unadulterated sex, drugs, rock and roll, cocaine, you name it. That's how you kind of perpetuate yourself and get bigger and bigger.

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