“Creating money and credit simply creates more claims on existing real-world resources–it doesn’t create new wealth or resources. When those claims vastly exceed the underlying wealth/resources, the system of credit and currency claims will implode. Borrowing and printing $10 trillion hasn’t fixed anything; it has only raised the reservoir of risk to the top of the dam. Cracks are opening as the pressure builds, and we should not be surprised when risk and consequence reconnect and the dam gives way.”
http://charleshughsmith.blogspot.com/2013/08/the-grand-experiment-part-2-unlimited.html
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