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The Result of 35 Years of a Paper Global Monetary System

I'll skip the thousand words - the picture says it all.

 

Total US Debt / Sum of US Nominal Physical and Human Capital*
%

*Human capital is defined as capitalized value of educational and research expenditures.

 

*Paul Kasriel is the recipient of the 2006 Lawrence R. Klein Award for Blue Chip Forecasting Accuracy

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