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It's not a collapse of all banking systems, but the fiat money system which is dictated by central banks (which are mostly private entities, not government bodi
by sparkie 8y ago
It's not a collapse of all banking systems, but the fiat money system which is dictated by central banks (which are mostly private entities, not government bodies).
It means when governments want to borrow more money, their lenders actually need to have the liquidity available and can't just magic it out of thin air.