The fact that M0 and MB itself is already debt-based money, broader money such as the M3 that's being financed by fractional-reserve system, debased it even further.
Right now, they are trying to cover up the M3 debt by injecting more M0, but the matter of fact is that eventually M0/MB itself its going to worth zero once the Chinese and the Middle East dump the US securities, unless America can stop printing money and start manufacturing!!!! And use hard/gold money!
He was right to say he's a ratings prostitute. he forgot to mention the federal reserve and he's being a COPYCAT!!!
Th3ba1r0n 11 months ago
The fact that M0 and MB itself is already debt-based money, broader money such as the M3 that's being financed by fractional-reserve system, debased it even further.
Right now, they are trying to cover up the M3 debt by injecting more M0, but the matter of fact is that eventually M0/MB itself its going to worth zero once the Chinese and the Middle East dump the US securities, unless America can stop printing money and start manufacturing!!!! And use hard/gold money!
AndrewChan84 1 year ago