2 ms·
> America’s banks are missing hundreds of billions of dollars Did those money even exist in the first place?
by DeathArrow 4y ago
> America’s banks are missing hundreds of billions of dollars
Did those money even exist in the first place?
- temp512345 4y agoWhat do you mean exist? All money is just a promise basically. A promise to get some good at a future date and exchange it for that illusory number, be it paper or electronically. By that description yes all that money existed. They were promises made in contractual and legal forms. And behind those promises lie pensions, payrolls and a big part of the economy. Without those promises holding and some basic level of trust being maintained economic activity becomes very difficult