About: Cash crumble (deleted 22 Aug 2008 at 21:18)   Sponge Permalink

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The money supply of any national currency is composed of interest-free Cash created by the State and interest-bearing Credit created by banks, central banks and other financial institutions. In the UK, the Cash share has dwindled from 48% since 1948 to 3%. The reality called the 'credit crunch' is therefore a 'cash crumble'.

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  • Cash crumble (deleted 22 Aug 2008 at 21:18)
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  • The money supply of any national currency is composed of interest-free Cash created by the State and interest-bearing Credit created by banks, central banks and other financial institutions. In the UK, the Cash share has dwindled from 48% since 1948 to 3%. The reality called the 'credit crunch' is therefore a 'cash crumble'.
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  • The money supply of any national currency is composed of interest-free Cash created by the State and interest-bearing Credit created by banks, central banks and other financial institutions. In the UK, the Cash share has dwindled from 48% since 1948 to 3%. The reality called the 'credit crunch' is therefore a 'cash crumble'.
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