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Thursday, March 15, 2012

Savings via currency depreciation

“We concluded a decade ago that governments can always make money worth less by printing it faster than we, its citizens, can increased its value by our industry. For us it’s the same day over and over again: crash after crash, yet no deflation spiral. Instead we see a slow, steady destruction of the purchasing power of our income and savings via currency depreciation–a gradual, perpetual, stealthy dollar debt default. We call this stealth default, hidden in plain sight, The Game.”

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