What Is Going on in the World?

Treasury security as a global reserve asset o critical to that system. Key phing is its actually serving an the form of money. The banks used to be the main credit growth drivers, but now they are out of business. Banks can extor deposit money and use it for other productive things like mortgages or bank loans. But post-crisis financial crisis has pushed most of the non-bank funding into off shore sources such as offshore banking entities. Threotacris' mantra: 'If you don't know where your money comes from, just ask someone who does'