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RE: Crash of Dollar is Imminent ~ Yale Economist Stephen Roach … (Death of the Dollar–31) with Link to Full Story

in Project HOPE5 years ago

Most people don't understand the monetary system. They simply use it, and it apparently works well enough. But the fact is that the value of our fiat currencies is based not nothing but faith and trust.

As for the "exorbitant privilege," that's another thing most people don't understand. But they should understand the ramifications, particularly in these times.