That's what want citizens to believe. On the other side, their value is the debt they are able to create. Bigger the debt, most valuable the cattle productivity.
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The value of the debt is derived from the expected cash flows, sir.
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Thanks for the detail, I don't know much how to express it in economic terms. Isn't the DCF then negative, as a result of all the value created and backed by what we commonly known as tiny air. Trying my best...
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It is not negative in fiat terms, but in real terms, it is absolutely negative. Look at the real value of fiat. The curve slopes downward and to the right.
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