Debt Truths

By Dennis Tubbergen | February 20, 2023 |

A seldom-discussed topic that has a significant economic impact is private sector debt levels.           Ever since 1971, when the US Dollar became a fiat currency, and new currency has been created by loaning it into existence.           If banks have a 10% reserve requirement, a $100,000 deposit into a bank can be transformed into…

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