Re:China lets yuan break 7-per-dollar level for first time i...
by rags2riches on Monday August 05, 2019 @10:59AM
(#20614699)
Your analogy breaks down because my eating and walking will not transfer energy to another human.
My own household experience with money and all analogies failed me when I first started thinking about these things. It only clicked once I started drawing up balance sheets.
As for the giant loan and transfer, I think that might be cleared soon-ish and only settled, with an interbank or fed loan if needed, at a later point in time after netting with other transfers.
My own household experience with money and all analogies failed me when I first started thinking about these things. It only clicked once I started drawing up balance sheets.
As for the giant loan and transfer, I think that might be cleared soon-ish and only settled, with an interbank or fed loan if needed, at a later point in time after netting with other transfers.