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During this upward phase in the credit cycle in a debt-based monetary system, asset prices experience bouts of frenzied competitive, leveraged bidding, inducing hyperinflation in a particular asset market. Zero coupon bonds may be created from Download free spyware software fixed rate bonds by financial institutions by "stripping off" the coupons. This insurance system is called PAYGO (pay-as-you-go) as opposed to save and invest. This includes any loans to purchase "assets" such as leaders' palaces, or the
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