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The FedFinancial MarketsU.S. Economy
Money and BanksMoney and Banking
Decades ago, the Chinese state began to accumulate gold merely as part of a makeshift backup plan. But it may have ended up with enough gold to make a real move away from fiat currency, which would be a disaster for its Western competitors.
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
Taxes and Spending
In coming years, interest payments on debt will increasingly pull money away from programs like Medicare and military spending.
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