The Secret of Oz

Remember: It’s not what backs the money, it’s who controls its quantity.

The world economy is doomed to spiral downwards until we do 2 things:

  1. Outlaw government borrowing;
  2. Outlaw fractional reserve lending.

Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.

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