Isnt that the same as a CONTRACTION in the money supply ..If your bank takes 1 % of your account isnt that a contraction of the money supply to the PUBLIC yet it saves the BANKS and gives them some of your money ! The BANKS dont spend money they LOAN it which means they use it to increase YOUR DEBT. at the same time they contract the money supply …..DID anybody read MILTON FRIEDMANS BOOK ! “THE GREAT CONTRACTION ” ! It literaly defines whats called a DEPRESSION ! Thats about as EVIL as anybody can GET…!
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