Good luck surviving the diversity and enrichment Japan.
Now you'll learn why having over 300% debt is a death sentence.
https://www.zerohedge.com/news/2025-08-22/japan-about-be-gifted-our-greatest-strengthtm
Any money that is lent to a fractional reserve lender shouuld not be paid and the lender should be taken to court and tried for fraud
@shortstories @Zeb Fractional reserve is long gone. It's been superseded by the Eurodollar market's global ledger system and globohomo's bailouts. Fractional reserve banking is conservative by comparison.
If there was no fractional reserve lending to the federal government to issue the federal government money and the federal government simply printed the money then there would be no government federal debt
But there might be local state government debt if the local state government can not print it's own money
It should be illegal to knowingly and intentionally lend money or items that you do not have
@shortstories You would be a terrible Jew.
@shortstories The banking system is no longer constrained by how many reserves a bank has. A lawyers office outside of the USA can create a dollar based loan on a ledger. It doesn't have to have reserves.