>>507867110>imaginary moneyIt's not "imaginary."
Money is created as Debt
that debt needs to be bought, on the debt aka bond market.
Entire system is founded upon debt, that is its basis.
When confidence, stability in that debt—global bond market—becomes volatile and unstable, nobody wants to buy the debt. Right now that is the situation
Global bond market has been exceedingly volatile and unstable for past three years, more so than in half a century. Couple years ago the Bank of England was forced to take unsold bonds back onto its balance sheet aka buy them up, in order to prevent U.K. pensions from imploding.
What happens when we can't sell our debt?
https://archive.4plebs.org/pol/thread/500310690
97% Owned — How is money created
https://www.youtube.com/watch?v=XcGh1Dex4Yo
**LEARN SOMETHING** instead of shitposting / scrolling past, for once