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News Link • Federal Reserve

Jim Grant: Wake Up and Realize That Currency Is Based On Nothing - Video

3:00 Coinage Act points out that penalty of debasing the currency is death 3:20 People need to remember that currencies are unsecured 3:40 Wonders when people will wake up to currencies based on nothing 5:40 Expects rates are likely to rise due to credit worthiness of U.S. Treasury

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