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The associated with the notes you use every day is arbitrarily determined in the state, by means of its electricity to disallow any monetary sweepstakes. It is this monopoly by the issuance in the we use as money, and the state’s chance to determine the need for it, which usually at heart and soul of the state’s potential. With this power, the state can literally manipulate sum of money supply to the own ends. It can “cook the books” in wherein a private company could never do. It can use this ability to ensure it stays in power. May well even steal the money you have saved by inflating the currency – i.e. by lowering its value over time.
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Next came the Industrial Economy. I do believe it started with the printing press in the mid-15th hundred years. I also trust it created time of transition that has occurred with each new economic paradigm.
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