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“Everything is in place for a rapid increase in U.S. currency. There is no precious metal backing for it; there is virtually no check on how much of it can be issued; and an acceleration of inflation here—brought on by the enormous and growing national debt—could result in a duplication of the horror that befell Germans in 1923-24.”
(
John F. McManus
,
Financial Terrorism
, 1993.)
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Money
Money: Inflation
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