JTR
Well-known member
lol obviously, it might actually be better if they were. I mean if you think about it, we have no way of measuring the level of inflation. We take the BoC's word on it, but do they even know? Are there warehouse sized vaults anywhere stacked to the rafters with skids upon skids full of currency, to correlate with each and every one of the trillions of dollars on computer screens? CIBC is holding billions of dollars, where's their warehouse?
I don't really have any insight into the banking world, but if the money doesn't exist in tangible form, how can you accurately track what's in the system?
I don't really have any insight into the banking world, but if the money doesn't exist in tangible form, how can you accurately track what's in the system?