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They may create fiat currency either in paper or virtual (QE) form opaquely as de facto and unacknowledged agents of Treasuries, but they still do so.
"The future is already here -- it's just not very evenly distributed"
Of course they do it anyway, but that's because they're busy usurping Treasury functions.
Austerity can only be implemented in the shadow of a concentration camp.
by ARGeezer - Dec 15 42 comments
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