The rest of the world is printing money.
That reduced value money is then lent to us to buy houses.
Are we paying interest to overseas banks for worthless paper?
Is the exchange rate really working cleanly… or is there some technical fudge whereby funny money can be traded as if it were the good stuff?
Just toying with the idea.….
Because you only need to fudge the exchange rate a bit in order to swap all the future effort and growth of all New Zealanders for what is in reality worthless paper.
That reduced value money is then lent to us to buy houses.
Are we paying interest to overseas banks for worthless paper?
Is the exchange rate really working cleanly… or is there some technical fudge whereby funny money can be traded as if it were the good stuff?
Just toying with the idea.….
Because you only need to fudge the exchange rate a bit in order to swap all the future effort and growth of all New Zealanders for what is in reality worthless paper.
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