Wednesday, May 23, 2012

The buying power of themoney depends entirely on the collateral base backing it.

I think that because equities, bonds, currencies, mortgages, loans of all kinds are a form of money then the buying power of that money depends entirely on the collateral base backing it.

Money which is the most liquid (i.e. most readily accepted in exchange or as payment of debt) and with the highest exchange value (buying [...]



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