Originally Posted by Greger
Quote
debt is a more prevalent currency than money

No sir, credit is a more prevalent currency than money. One is not the same as the other.

I'm drawing a blank on examples. All I can think of is people with mortgages who have very little savings in the bank.

There is also the weird thing that banks can loan something like thirty times more money than they have in deposits.

But please forgive me, I have had two vodka tonics and just finished with a deposition training session, so my brane is in some degree of flux (or flucks?).


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller