Quote:
Originally Posted by 73MB280SEL
The story assumes that the debt is a big circle but it is not. It stops with the savers--either domestic or foreign.
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Not really.
It starts with the lenders, who are not required to actually HAVE the money that they lend; they only need to actually have a letter of credit for a very, very small fraction of what they are going to lend and make interest on. This is because they have inserted themselves into our monetary system in such a way as to codify their practices into law.