Early Market Update and Why Tax Cuts Are Not a Panacea in a Fiat Money System.

in #market7 years ago

In this report I cover the early market action from London on Friday, October 20th, 2017. I also argue that tax cuts will not remedy the problem of insurmountable debts and unfunded liabilities.

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What we the 99% need is a fair interest rate for our saving and a monetary system geared for price stability via limited money supply growth to less than economic growth and increase the fractional banking reserve ratio a few percent a year all the way up to 40%. It is just too much funny money out there right now hurting everyone.

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