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Re:U.S. Secretly Halted JPMorgan’s Growth for Years by yuhong on Monday October 29, 2018 @01:18AM (#18325234)
The entire economy has been debt-based since at least the 1970s.
Re:U.S. Secretly Halted JPMorgan’s Growth for Years by pas on Monday October 29, 2018 @07:34AM (#18326597)
Or even sooner. Money is the story of wealth, but the real working and growing economy was almost always about debt. The moment someone invented writing someone wrote a letter of credit. Kings used it, and countries got built on next year's harvests, and of course went bankrupt when that harvest turned out bad.
Re:U.S. Secretly Halted JPMorgan’s Growth for Years by yuhong on Monday October 29, 2018 @05:52PM (#18331877)
It was in 1971 that US got off the gold standard, but yea even in the 1960s there was signs of trouble I think.