/biz/ - Business & Finance

Your premise is wrong. It is 100% mathematically impossible for everyone to repay their debts.

You see, banks create all money when they issue loans. This new, digital money is created out of thin air. But banks only create the principal amount, but never the addition interest that is due. Therefore, the outstanding debt is always is always much higher than the money supply.

If we all tried to repay our bank debts at once, we would be about $60 trillion dollars short!

proofs at:
bankLIESdotORG