But your wife isn’t creating FRNs.
True enough, at the current rate of reserve she creates not much more than dots on the screen, but if the bank’s luck holds out, you will default on your obligation and they can turn the dots into the tangibles that they hold in trust, like your home,car,education, medical procedure, couch, etc, then liquidate said assets to “stronger hands.”
What specie does she create, if not FRNs? How is the bank to be repaid?
Spinning flax into gold, so far only the Fed can do it, anything else is “counterfeit”. heh
As for buying FRNs, they all cost 1.5 pennies each, no matter the face value.
You’re pretty close to the teat, if you can get ‘em for that much.
Why did you say she did?
at the current rate of reserve
Again, in English?
creates not much more than dots on the screen,
When banks make loans, that's all they ever create.
if the bank’s luck holds out, you will default on your obligation and they can turn the dots into the tangibles that they hold in trust, like your home,
You think banks wanted defaulters so they could take homes? In a cratering RE market? Wow!
What specie does she create, if not FRNs?
Unless she runs a printing press, she's not creating FRNs, no matter how deep your confusion.
How is the bank to be repaid?
I pay my mortgage, one month at a time, by check. No FRNs involved there either.
As for buying FRNs, they all cost 1.5 pennies each, no matter the face value.
Sorry, I pay 20 dollars each, for my $20 FRNs.
No loan involved. Good night.