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	<title>David&#039;s Macro Blog &#187; debt-based money</title>
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		<title>&#8220;The Secret of Oz&#8221; &#8211; Monetary Freedom Leads to Economic Freedom</title>
		<link>http://www.davidoverfield.com/557/secret-of-oz-monetary-freedom-leads-to-economic-freedom/</link>
		<comments>http://www.davidoverfield.com/557/secret-of-oz-monetary-freedom-leads-to-economic-freedom/#comments</comments>
		<pubDate>Fri, 29 Oct 2010 22:00:16 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Bill Still]]></category>
		<category><![CDATA[debt-based money]]></category>
		<category><![CDATA[global financial crisis]]></category>
		<category><![CDATA[monetary system]]></category>
		<category><![CDATA[The Secret of Oz]]></category>
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		<description><![CDATA[The global financial crisis forces us to ask many questions that we previously didn&#8217;t bother to think about. Who issues our currency? What&#8217;s the difference between debt-free money and debt-based money? Why must credit grow in order for the economy to grow? Can the U.S. Government debt ever be repaid? Bill Still warned the world [...]]]></description>
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		<title>The Coming Depression?</title>
		<link>http://www.davidoverfield.com/84/the-coming-depression/</link>
		<comments>http://www.davidoverfield.com/84/the-coming-depression/#comments</comments>
		<pubDate>Mon, 20 Apr 2009 01:07:32 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[coming depression]]></category>
		<category><![CDATA[debt-based money]]></category>
		<category><![CDATA[financial crisis 2008]]></category>
		<category><![CDATA[global financial crisis]]></category>
		<category><![CDATA[Mike Morgan blog]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[Wall Street]]></category>

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		<description><![CDATA[The following is from Mike Morgan&#8217;s blog (12/09/2008). I agree with many of his points. If you still believe we are at or near the bottom, please consider a few of my Key Points to support the coming Depression: 1 &#8211; Housing prices are still falling. 2 &#8211; We are nowhere close to resolving the [...]]]></description>
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		<title>Bernanke&#8217;s Deflation Preventing Scorecard</title>
		<link>http://www.davidoverfield.com/89/bernankes-deflation-preventing-scorecard/</link>
		<comments>http://www.davidoverfield.com/89/bernankes-deflation-preventing-scorecard/#comments</comments>
		<pubDate>Sun, 19 Apr 2009 01:15:31 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Bernake]]></category>
		<category><![CDATA[debt-based money]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[global financial crisis]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[monetary policy]]></category>

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		<description><![CDATA[How bad is the current deflation? It is so bad that every tool the Fed has to fight deflation, as listed by Ben Bernanke in 2002, has been used and still hasn’t stopped massive deflation.  Essentially the current economic and financial conditions where not even conceivable just a few years ago. From Mish: Bernanke&#8217;s Deflation [...]]]></description>
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		<title>Banking out of control</title>
		<link>http://www.davidoverfield.com/16/banking-out-of-control/</link>
		<comments>http://www.davidoverfield.com/16/banking-out-of-control/#comments</comments>
		<pubDate>Sun, 08 Mar 2009 02:44:00 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[bubble economy]]></category>
		<category><![CDATA[debt-based money]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[financial crisis 2008]]></category>
		<category><![CDATA[financial engineering]]></category>
		<category><![CDATA[fractional reserve banking]]></category>

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		<description><![CDATA[Here&#8217;s a blog post by Reggie Middleton (one of my favorite bloggers) on BoomBustBlog: http://boombustblog.com/20090301853/Banking-out-of-Control.html It is a bit dense but contains a clear description of the problem of an economy that is based on debt, fractional reserve banking, and fiat currency. Here are my observations: The current financial crisis is NOT a liquidity crisis [...]]]></description>
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