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Central banks, fractional reserve banking and fiat money
Published : 24-10-2011 - Duration : 05:26 - View : 71
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Watch the full 25-minute video at http://www.goldmoney.com/hochreiter-turk-interview. , talk about the 3 elements that make our current monetary system so unstable and credit creation so out of control. They explain that fiat money, fractional reserve banking and central banking are the three basic enablers of inflation. Gregor explains that withou...
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