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Fake Reserves, Fake Assets… Best Quote of the Day

06 Sep

“It used to be that the world worked on a  fractional reserve banking, then we went to a  zero zero reserve system,now we’re on a negative reserve banking system. There is no there, there. It’s just a matter of mathematical formulas being spurted out of a cheezewhiz can being held by Christie le Garde”.”
=Max Keiser, The Keiser Report

 
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