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Nice attempt at applying your Econ 101 knowledge, but a balance sheet where the "assets" are made up of meaningless fiat created by debt instruments does not wo
by cloakandswagger 10y ago
Nice attempt at applying your Econ 101 knowledge, but a balance sheet where the "assets" are made up of meaningless fiat created by debt instruments does not work like that.
- forgetsusername 10y ago>are made up of meaningless fiat created by debt instruments does not work like that Then the debt is equally meaningless. Maybe you should try applying financial principles, rather than reading Zero Hedge.
- deleted 10y ago[deleted]