I have heard rumors they are true trillionaires. They are the Baby Yoda It’s the most wonderful time of the year shirt moreover I love this primary beneficiaries of the fractional reserve banking system where only a small portion of the currency is backed by assets. This is an interesting system. The US currency, (and I think currencies of other countries) is backed by government debt. However, the government debt pays interest in dollars and is redeemable in dollars which in turn backed by more government debt. I am not sure what all that means in a practical sense to common working people who produce things except debt will increase. Banks produce nothing. Debt is only a promise it is not tangible like land or buildings.
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