Quote:
Originally Posted by Pulgasari
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Where does the money come from when the bank gives u a loan?
Like you borrow 50k, and owe them 80k. Where did the extra 30k happen?
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Money can only be printed when the US govt issues debt. So Congress passing trillions of dollars over the last year means we can print a ton of money out of thin air. It has slowed down recently but if they can pass the 'infrastructure' bill then we can print more money. So that, combined with everyone now owning a million dollar house, I assume is the reason our "wealth" has shot up so much even though the economy has been shut down.