Archive for January, 2010
Can China create money out of thin air and lend it to another country to make money?
January 7th, 2010
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Author: Can China do this just like how banks create money out of thin air via debt? Assuming the US pays back the debt, China will be richer. But, if US defaulted, it doesn’t matter to China because they just conjured up the money in the first place.
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