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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ahhaha who wrote (81845)3/16/2001 8:27:00 PM
From: Ilaine  Read Replies (1) of 436258
 
Why wouldn't it be money? They don't just give it to you, you borrow it, whether it's by a secured note or an unsecured note. It's just pieces of paper sitting in a vault until you put it into the stream of commerce.

Or else they give it to you when you write a check or cash a check but they won't give it to you that way unless you, or someone else, gave them other pieces of paper earlier.

I am just saying paper, it could be notations in a computer data base.

Sometimes it's sloshing around so fast they can't keep track of the transactions so they estimate the volume, but every transaction has two real parties, it's a transfer of real assets. Except for clerical errors each transaction can be calculated to the penny.
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