Quote:
Originally Posted by hdkiller
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So technically, countries are borrowing money from other countries or central banks that have borrowed it themselves from another country or bank... each keeping 20% (ish) of the amount they borrowed in case they are asked to pay back what they were given.
No wonder the first move of Greece was to limit the amount you could withdraw from your account...
Now correct me if I'm wrong, that means that only 20% (ish again) of the money people have deposited in their bank account is actually "there" and the rest was sent upwards in a system that eventually will lend trillions to countries, each time claiming that they are handing the full amount?
Interesting....