J. C. Lyons

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Money, Debt & Gold
By J. C. Lyons - September 17, 1999
Money & Debt What is Money? Today's money is debt, If there is no debt, There is no money, In order to increase the money supply, There must be an increase in debt.
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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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