12 posted 3 years ago by RightSideFunding 3 years ago by RightSideFunding +13 / -1 17 comments share 17 comments share save hide report block hide replies
Started learning about the banking system in '08 and reached the same conclusion.
Fraud is how it works. Lending more of something than you have is fraud. Creating "value" by fiat is fraud.
Similar strategy playing out with China right now.