Articles by Ellen Brown –Global Research
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China’s Creative Accounting: Using Debt as an Instrument of Economic Development
Ellen Brown –Global Research,
8 Nov 2010
China’s government can direct its banks to advance credit in the national currency as needed, because it owns the banks. Ironically, the Chinese evidently got that idea from us. Sun Yat-sen was a great admirer of Abraham Lincoln, who avoided a crippling national debt by issuing debt-free Treasury notes during the Civil War; and Lincoln was following the lead of the American colonists, our forebears.
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