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Failure Quote by Kelly Mitchell

“Napoleon was convinced his system of sound money could defeat the vaporous credit creation of the British. He felt that people would reject a paper currency in favor of gold backing. His defeat made clear the awesome power of fractional reserve banking, a point not lost on bankers.” quote by Kelly Mitchell
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““Napoleon was convinced his system of sound money could defeat the vaporous credit creation of the British. He felt that people would reject a paper currency in favor of gold backing. His defeat made clear the awesome power of fractional reserve banking, a point not lost on bankers.””

Kelly Mitchell

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