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taniaregina
@taniaregina
One point of physical object is monetized and mortgaged to the bank. The mortgagor obtains a debt and a currency, and the bank obtains an asset. If you understand this basic principle, you can understand the disintegration of the Soviet Union, today's U.S. inflation, the U.S. deflation in the 10s, today's deflation in the University of Tokyo, the decline of real estate in the University of Tokyo, asset bubbles in the United States, and almost all financial phenomena.
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