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The American Empire in a Changing World



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Monday, May 28, 2012

''JPMorgan Chase and Central Banking''

From Market Oracle

''Many free-market advocates wonder: why is it that I am a champion of free markets, privatization, and deregulation everywhere else, but not in the banking system? The answer should now be clear: Banking is not a legitimate industry, providing legitimate service, so long as it continues to be a system of fractional-reserve banking: that is, the fraudulent making of contracts that it is impossible to honor.''

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