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<p>[QUOTE=&quot;Cloudsweeper99, post: 1612135, member: 3011&quot;]The coin idea has considerable merit, but angers the folks who support the Fed and central banking in general. Bloomberg TV won&#039;t allow guests who are in favor of the idea, for example.&nbsp; However, the idea would only work to replace bonds held by government or quasi-government organizations because there is no market disruption.&nbsp; I don&#039;t know who first floated the idea but I heard it said that the proposal was first made 14 years ago.&nbsp; But since it will be villified by the Fed and Wall Streeters, it probably won&#039;t happen.&nbsp; It flies in the face of the idea that the government can&#039;t or shouldn&#039;t create their own money, and the only way to do it is to borrow the money into existence.&nbsp; This idea is popular because it results in a permanent and rising income stream for banks and other institutional investors.[/QUOTE]</p><p><br /></p>

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