Where does it all come from~?

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I mean … you can add the bottom three together and call it `about 50 years`.

I mean … gosh … did something happen in the 70’s, or something~?

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Debt … Did someone mention debt~!?

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Bloomberg
Can China Afford Its Belt and Road?
Financing its grand geopolitical ambitions will be harder than it looks.

Have they `costed` this plan~?

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A war … they can’t afford a war~!

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NewYorkFed

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  • CSArichardo

    For any recognized currency in the world;

    We know that new money in the form of bank deposits comes from the creation of loans at banks (private creation).

    We know that new money in the form of cash comes from the creation of paper bills by the federal government (public creation).

    Governments today borrow (create a deficit) from banks to create most of their money and hence this becomes a quasi private/public creation..I think ?