GM
There are no reserve requirements for banks. They can issue as much debt as they want from nothing at all. This is normal and could never have massive, systemic negative consequences so don't thi...
I have a feeling that the worldwide debt is a lot higher than $300 or $400 trillion. Or whatever its reported at. I'm sure there is hidden debt issuance that the public doesn't know about. When you realize its theoretically possible to have an infinite amount of debt, you truly realize how worthless fiat is.