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Monday, 3 October 2011

IMF describes savings as "grotesque"

Well, now it's on record. Savings are "grotesque".

Those who stand to gain from the bailouts are its biggest pushers. Only in a debt-based, fiat monetary system can savings be regarded as "grotesque.

2 comments:

Michael Fowke said...

As an individual, savings are your best defence against the state.

Trestin said...

Keynes would be proud.

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