First as Tragedy, Then as Farce -
Billions of dollars have been hastily poured into the global banking system in a frantic attempt at financial stabilization. Where is the social stability?
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Wednesday, 12 January 2022
quote [ China?s central bank denied a rumor that a detained senior official forged $314 billion worth of banknotes. ]
The rumor is the deputy general manager of the company in charge of printing Chinese bank notes printed duplicates of 2 trillion yuan worth of bills. So not really forgeries, but duplicates with duplicate serial numbers. The scale would be ridiculous for a crime, but not if it was being done secretly by China in a sort of Ponzi scheme of money, with one set issued for use outside of China and one for use inside of China.
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5th Earth said @ 5:05pm GMT on 12th January
I have a hard time believing a country could do that without causing noticeable inflation. It's not like anyone is checking the serial numbers when they spend them. This would be functionally identical to just printing more money.
5th Earth said @ 4:31am GMT on 13th January
I have a hard time believing a country could (or would) do that without causing noticeable inflation. It's not like anyone is checking the serial numbers when they spend them. This would be functionally identical to just printing more money.
<-- Entry / Current Comment
5th Earth said @ 5:05pm GMT on 12th January
I have a hard time believing a country could (or would) do that without causing noticeable inflation. It's not like anyone is checking the serial numbers when they spend them. This would be functionally identical to just printing more money.
