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16. Increasing debt-service on borrowed money erodes working capital to tip the scale towards insufficient amounts money-in to service expenses. The vicious cycle begins: debt becomes unmanageable requiring new, larger volumes of credit. Present and potential future personal savings become depleted as further credit dependency increases to stay afloat. Self-interest motivated the shift of money from exactly what a universal medium of exchange to regarding an independent commodity to advance private interests. These central banks (i.e. Federal Reserve, Bank of Engla
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