Glossary
A war-finance system where national public credit replaces personal royal credit and locks the state into continued war.
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Bank of England model
A war-finance system where national public credit replaces personal royal credit and locks the state into continued war.
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"And so they set up the Bank of England as a private bank that would serve British monarchical interests. So, so previously before, if..."
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"And in America, this became the federal reserve system. So, so in other words, all this wealth in Europe that was looking for stability..."
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