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83 comments on A Look at the EIA Revision Pattern

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GreyZone on October 6, 2006 - 4:26pm Permalink | Subthread | Parent | Comments top
Get real. In the modern economy almost none of the credit, which is created with a snap of a banker's fingers out of thin air, is backed by someone else's savings. Stop using antiquated theory that does not match the actual usage patterns of the system. The credit system today does NOT have $1 of savings for each dollar of credit extended. In fact, that is frequently discussed as one of the major dangers in the modern credit system.

The reality is that most borrowing has little or nothing to do with someone else's savings.

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Oil CEO on October 8, 2006 - 8:48am Permalink | Subthread | Parent | Comments top
Grey Zone. Stop busting on Halfin. Once you stop, he will start to engage you in a meaningful manner. I love you both.
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83 comments on A Look at the EIA Revision Pattern

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