The transformation of the U.S. money supply continues on the same path that began in 2008. Either through debt destruction (deflation) or the swapping of Federal Reserve Notes for debt assets, the ratio of credit to fiat is collapsing. There is still a long way to go before this transformation creates to inflation. The credit destruction will continue though, until the economy heads back towards the ratio of credit to fiat at start of the credit bubble in the 1970s.
波士顿中国留学生因骚扰民主活动人士被判入狱
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4月24日,来自中国的前伯克利音乐学院学生吴啸雷被美国法院判处九个月监禁。法院要求吴啸雷6月7日前往指定的监禁 […]...
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