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RE: Secret letter discussing the deplorable financial condition of the United States

in #deficite • 8 years ago (edited)

There is roughly $1.5 trillion in circulation but roughly $20 trillion owed excluding unfunded future liabilities, what can possibly go wrong. The labor force participation rate and money velocity cannot be hidden. It's a problem for the whole world when it wakes up to the reality.

8 years ago in #deficite by
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     8 years ago (edited)

    No kidding. The world is screwed due to bad monetary theory. Thanks for your comment.