/biz/ - Business & Finance

It gets even better: Imagine you have a bank, and i have a bank. Were friends, so you give me 1 billion loan and i give you 1 billion loan.
Congrats, we now both have 1 billion dollars that we can spend on our manager salary, then blow it away for hookers and lambos.
We also have 1 billion debt. But thats ok because we will never pay it back. In fact, we will now visit our friend, the central banker.
The central banker will print money, causing inflation. This means our debt is now worth less, at the expense of the middle/lower class.
You can look up the balance sheets of big banks online, JP Morgan has over 350 billion debt now, Goldman Sachs over 320 billion...