The American Empire in a Changing World


Monday, November 19, 2012

''What is "currency"?''

a great read!............From 'The ABC of Money'

''Looking at it a little more deeply now, which is always required if you want to actually understand for yourself how the real world works, we see that when you hold a dollar/pound/euro/yen/etc in your hand or in your bank account, what you really hold is a credit in that monetary system.''

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