Situation:
- You and Me are in a sealed room.
- There is only $100 in the room, and I owns it.
- I loan you that $100 with a daily interest of 1%.
- You take the money.
- You pay me $100 and you still owes me $1.
Scenario 1.
- You print $1 to pays me (effectively creating money out of the thin air) or...
Scenario 2.
- You declare bankruptcy...
Conclusion:
In the world today, we have countries that are both in scenario 1 and 2. Effectively, every countries are in debt globally. If I am in debt and you are in debt,... where does all the monies go to?
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