Quote:
Originally Posted by Maggy J
Seems more like magical illusions to me.
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That's basically the conclusion I came to after struggling with the concept of fiat money for a while.
You go to the bank for a loan and they magically conjure that money into your account.
It seems to me that the whole of EU land has been doing this for ages now. Making magic money without creating anything of value to back it up. It eventually HAS to all come tumbling down.