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The world is running out of cash

By Tom Streithorst  

Get used to it

The money supply is shrinking. That may well be the most ominous harbinger of continued economic slowdown. The supply measurement known as M3 or “broad money”—all the money there is on loan or in circulation—has been contracting at a rate of almost 10% annually in the US. The scary thing is, it should be going through the roof right now.

Since the beginning of the credit crunch, central banks have been printing money at an unprecedented rate, desperately…

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