>>514863968
>It's a fake economy kept alive by the states not calling the banks on not having the monney they're borrowing to others, and the banks never asking to actually be re-paid, but settleing for just recieving the rents of the fake loans of monney they never had in the first place.
The banks never actually had the money they pretended to lend. At any time in history. Banks are and have always been legalised fraud.
Creating fictional yet legal and spendable legal tender is precisely what banks do and what they exist for. Not just now but through all of history. The only difference between now and prior times in history is quantitative. The ratio to fictional yet spendable legal tender to actually existing legal tender in the bank vault has never been so large as it is now. It's so large that banks in the US are formally, officially no longer even required to pretend they have reserves. But all banks everywhere create fictional yet spendable legal tender by pretending to lend actually existing legal tender but not depriving depositors of their actually existing legal tender supposedly lent to borrowers, effectively creating fictional yet legal and spendable legal tender. They have always done this. This is what banking is (legalised fraud or legalised counterfeiting, depending on whether you view the fictional yet spendable legal tender as fraud or counterfeiting; you could also be autistic and just point out that counterfeiting can be regarded as a form of fraud anyway). This is why banks exist and have been invented.
We need to move beyond money. Watch this graph of the Bangladesh money supply. See how it pops in 2022? That's what's eventually going to happen: the fictional legal tender in the banks will be cancelled (wholly or in part), through bank failures or bank "bail-ins". Alternatively, the western fiat currencies will continue inflating into complete worthlessness and be abandoned in favour of, yes, the Russian Rouble, the Chinese Yuan or Renmimbi