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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (49130)1/9/2006 8:45:40 AM
From: Tommaso  Read Replies (1) of 110194
 
Well, I am afraid that Mr. Shostak's contention that all demand deposits in a bank are backed by cash a little too easy to understand. Some children imagine that the money they deposit in a bank is put in a special place and is their own personal money. They find the idea of withdrawing someone else's money disturbing.
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