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Money is NO Object

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Published on May 5, 2012

What is money?
Recognized as far back as Aristotle, through Adam Smith and into the modern era, John Maynard Keynes told us:
 
 "The age of Chartalist or State Money was reached when the State claimed the right to declare what thing should answer as money to the current money-of-account... To-day all civilised money is, beyond the possibility of dispute, chartalist."

Edited Extracts from:
President Nixon (TV 3, August 15, 1971)
President Barack Obama (C-SPAM, May 22, 2009)
Congressman Ron Paul (CNN American Morning, May, 27, 2009)
Ben Bernanke (CBS, 60 minutes, June 7, 2009)
Alan Greenspan (NBC's Meet the Press, Aug 7, 2011)

Stephanie Kelton, Money is NO Object:
http://www.slideshare.net/MitchGreen/...

Where Did the Federal Reserve Get All that Money?
http://neweconomicperspectives.org/20...

Google The Web:
The Bretton Woods system
Nixon Shock
MMT
Modern Monetary Theory

Please note that obviously I do not own the copyright of all these videos. Such material is edited and used to provide understanding for issues concerning us all.

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