Bailout

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Let them Eat Paper- Qu’ils mangent de papier

“Qu’ils mangent de la brioche” or “Let them eat cake” has become a phrase used to denote the obliviousness and selfishness of the ruling establishment. Well, with a slight twist it’s apropos in the case of paper debt-backed paper currency regimes under stress. Cranking up the debt presses to ease the nominal pain of asset … Continue reading

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