A nice example of how the fiat money scam works: the money supply is artificially expanded (resulting in bubbles), than contracted, resulting in financial insolvency when interest rates are raised. I do believe fiat currencies are the future (which I'll blog more about later), but understanding the true causes of this financial crisis is essential to fixing the problem. -- KM


Sstate and local governments across the country scrambling to refinance municipal bonds before they are hit with exorbitant interest rates

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