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Banks don't exchange wealth with physical shipments of gold and cash. Large scale digital transfers of money is nothing new.
by Fomite 13y ago
Banks don't exchange wealth with physical shipments of gold and cash. Large scale digital transfers of money is nothing new.
- fragsworth 13y agoNo, they do. Collateral for many debts require some percentage of physical (lower risk) assets as opposed to a contract holding that carries ove risk from a third party. Physical assets get moved around all the time.