Economic example- My bank says that my savings account has $10000. Does the bank physically have my money on hand? No. They've reinvested it into loans, bonds, stocks, etc...If I go and ask for my money, then no problem. If everyone makes a run on the bank, then big problem.
Mike:
Feel free to send me some of that illusionary money in your bank anytime.
Feel free to send me some of that illusionary money in your bank anytime.
No kidding!
"On the plains and mountains of the American West, the United States Army had once learned everything there was to learn about hit-and-run tactics and guerrilla warfare."
T.R. Fehrenbach This Kind of War
I've got 1,000,000 Iraqi dinars ready to transfer. Should buy you a cup of coffee .
Mike
So long as it's not Starbucks, you're on!
"On the plains and mountains of the American West, the United States Army had once learned everything there was to learn about hit-and-run tactics and guerrilla warfare."
T.R. Fehrenbach This Kind of War
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