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TODAY WE CONCLUDE our story of Salvation Island
The shipwrecked men of the island thought they were lucky when Abraham Glucksterlingmann washed up on the shore and offered to “help the economy” there by creating a money system for them. It was all supposedly based on the gold Abe held in his “vault,” a sealed and hidden barrel. The money system Abe gave them was based on debt — just as our money system is. He lent each of the five men $200, a total of $1,000, at 8 per cent. interest, with their possessions as “security.”
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