Thanks for that info graphic, learnt something. My concern about the debt is that it's actually much more than that because banks can lend out 9 times or more what they have. So they could get some of those trillions and multiply it. Where's that graph?
I don't think anybody could even make a graph for that. Even that 9 times thing is based on 10% reserves. USSA is actually doing fine in that department compared to other financial asylums. Eurozone only has 1% requirement. On top of negative interest rates 99 out of every 100 Euros are fake. Then a bank can re-lend to another bank which would re-lend to another bank. China is actually doing relatively better with 17%
Source: https://en.wikipedia.org/wiki/Reserve_requirement
Thanks for that info graphic, learnt something. My concern about the debt is that it's actually much more than that because banks can lend out 9 times or more what they have. So they could get some of those trillions and multiply it. Where's that graph?
I don't think anybody could even make a graph for that. Even that 9 times thing is based on 10% reserves. USSA is actually doing fine in that department compared to other financial asylums. Eurozone only has 1% requirement. On top of negative interest rates 99 out of every 100 Euros are fake. Then a bank can re-lend to another bank which would re-lend to another bank. China is actually doing relatively better with 17%
Source: https://en.wikipedia.org/wiki/Reserve_requirement