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Total debt in China is over 300%. Only a few countries have this kind of debt. Just the corporate debt is 125% of GDP, making Chinese businesses more indebted in comparison with what happens elsewhere in the world. Bank credit is growing exponentially. Total social financing is $20 trillion. There is a huge shadow banking system. China is swimming in debt. But debt is also a problem outside China. Debt creates massive distortions in the economy. A small drop in Chinese property prices will have cascading affect on the rest of the economy.

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  • Where is the best place to which to emigrate? OF all the places I’ve visited, I would put Australia number one. It is freer than the US, the culture and people are amazing, the technology is excellent, and it seems like the perfect happy place for me to live and work. I see no real downside at all. I know the government is terrible but so it is everywhere in the world. Second choice might be Costa Rica.

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  • Banks have been blamed for having fractional reserves, instead of 100% reserves. What’s your opinion?

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  • Dear Liberty.me’ers: I thought I’d reach out and see if any of you would be interested in a project I’ve been working on. I have set up a way to make a gold account interface with the modern electronic banking system. You get all of the convenience of modern banking, without the inherent, umm…. risks, difficulties, dare I say, fraudulence? You keep your savings in gold, and you pay everyone else in dollars. And that’s always a good principle: keep your assets in a sound currency, and your liabilities in an unsound one. The gold is vaulted in Switzerland. So instead of going through lots of rigamarole selling gold, going to a dealer, paying a big percentage, etc., you can just *spend your gold*! Instantly! My company is Midas. I’ve set up a bare-bones placeholder site at: http://Midas.gold Here’s a rough informational brochure I made: https://www.dropbox.com/s/mdz6ev6pqua61lw/Midas%2Belectronic%2Bbrochure.pdf?dl=0 Let me know if you would be interested in getting such a card.  I am just looking for a few beta-testers.

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  • History shows that control of the individual is achieved through the factors of production: labor, land, capital control through labor = slavery control through land = feudalism control through capital = the debt system Government is not necessary to control individuals through the factors of production. It is only necessary to own the factor of production. A study of history reveals multiple examples of this control. Are there any examples when this control of the individual through the factors of production has not existed?

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  • Who are the money changers? What role have they played in history?

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