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What is Money?
August 7, 2008.
From Chapter Six of
"The Collapse of the Dollar..." by James Turk and John Rubino:
So far weve tossed around terms like money and currency with some abandon.
If this left you a little unclear about their exact meaning, not to worry, youre in
good company; the worlds business and political leaders appear to be just as confused.
So before considering golds once and future role in the global economy, lets examine
the true nature of money. Pick up any introductory economics text, and youll see money
defined as something that performs three functions:
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Best Quotes of July 2008
August 4, 2008. The phrase systemic collapse is rarely used in financial circles, but with housing
collateral values in continued decline, there is an enormous financial margin call rippling
through the system. In the OTC derivative market, values are unable to be quantified as increasingly
spreads are widening and illiquidity becomes more acute. An accident is at hand.
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