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philo
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The Losing Battle to Fix Gold at $35, Part II

- John Paul Koning -

Kennedy was dead in 1964

Commented 4243 days ago

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Beginning of the headline :The US led embargo against South Africa , backed implicitly by the largest military in the world, highlights the gradual but steady tendency for authorities to back the failing $35 peg by forceful means. This is the inevitable route taken by any state-run financial system experiencing difficulty. Whereas in a free banking system mistakes are fixed through market discipline,... Read More

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