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Wishdasher
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In A Paper System, All Assets Are Backed by the Treasury Bond

- Keith Weiner -

2 verbs. To have or to be.
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Beginning of the headline :In a gold-based monetary system, every asset is ultimately backed by gold. This does not mean that every debtor (including banks) keeps the full amount of its liability in gold coin just lying around. Why would one bother to borrow if one did not need the money? It means that every asset generates a gold income and every asset could be liquidated for gold, if necessary... Read More

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