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jimace

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11

22/04/19

19:55

Post #: 38227544
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Originally posted by dub: ↑

Sorry about the small size - enlarge it if you're able to.

This is the Fed Reserve chart of All Sectors: Debt Securities and Loans; Liability and Level.
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If you think it's not really all that scary, note this : -

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The little 'hiccup' on the blue line IS the 2008 GFC !

dubps. That slow, small linear increase of debt shown occurring from the chart start suddenly changed nature,and gear to morph into a parabolic one.

This change began straight after President Nixon turned the US$ into a fully fiat currency (backed by absolutely nothing other than Government's promise) when, in August 1971, he decoupled the US$ from its gold backing ..... " ... as a temporary measure, ,,, "

And pigs fly!

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