Thread: US Bank Collapse?
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Old 09-17-2008, 11:38 PM   #81 (permalink)
Brutha
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The USD doesn't say "Federal Reserve Board of Directors Note" so therefore the USD isn't technically gov't backed.
At least it's backed enough that those people will get the government to pay for it There good at getting the governement to back up things that it isn't used to backing up.
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Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.”
Bruce Sterling about the financial crisis.
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