Can China create money out of thin air and lend it to another country to make money?
Posted: under China.
Tags: Banks, China Air, China Money, Thin Air
sonyboy812 asked:
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.
Joseph
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.
Joseph
Comments (3)
Feb 12 2008