[sodpoodle]

Was the $1.2billion in currency or gold deposits? Or was it an accumulation of paper titles and certificates of deposit?

I have not been paid in ‘greenbacks’ for decades - only paper transactions - makes me wonder where the actual currency for my savings, checking and CDs is held.

I have no idea how ‘bankers’ and ‘fund managers’ work - can someone summarize for me?

[bert]

-——makes me wonder where the actual currency for my savings,-——

First, money does not exist. Your money and all other money exists as entries on an electronic ledger. The currency you think is money is merely a representation of blips on a very big ledger.

Accounts are settled these days by zapping part of your entry to some other ledger instantaneously electronically.

[Stentor]

I have no idea how ‘bankers’ and ‘fund managers’ work - can someone summarize for me?

Your summary is being hypothecated. After multiple rehypothecation it will be returned to its rightful owner which has ceased to be you.

[Roccus]

Best and simplest explaination yet

...Aaand it's gone