@theByron... I obviously don't know what I'm talking about, I said frac reserve banking is a vertical transaction... (it's really a horizontal transaction, and govt spending as money creation is a vertical transaction). So thanks for good info, I had no idea that the govt had to borrow dol...
@theByron... I obviously don't know what I'm talking about, I said frac reserve banking is a vertical transaction... (it's really a horizontal transaction, and govt spending as money creation is a vertical transaction). So thanks for good info, I had no idea that the govt had to borrow dol...