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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01384456: Asset and Forced (DS10)

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This document is a financial analysis dated September 18, 2017, discussing long-term asset returns and economic theory regarding currency systems, credit creation, and financial crises. The analysis examines the relationship between asset prices, currency stability, and the role of cash in different economic regimes, with no direct connection to Epstein evident in the excerpts provided.

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Excerpt 1
18 September 2017 Long-Term **Asset** Return Study: The Next Financial Crisis / The various breaks with gold based currencies over the last century or so has
Excerpt 2
We also shouldn't underestimate the positive impact that this can have on nominal **asset** prices.
Excerpt 3
Cash is arguably a far more dangerous **asset** in a fiat currency but unstable regime than it is in a more stable less crisis prone one.

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