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Certain customers (including Alameda) - I understang other customers had similar arrangements, and why wouldnt they? Every account was trading on margin and high leverage - the reason you auto liquidate is so they dont run off owing you money.
Is it fraud for a company to extend credit to another company? Any company that issues a invoice and allows say 14 days to settle is extending credit to the other party.
https://www.ycombinator.com/ Is every number on that page real time accurate? Is the combined value $600bn - if it is 599bn or even 601bn then ding ding ding we have ourselves fraud.
https://en.wikipedia.org/wiki/National_Debt_Clock - Can I get any and all people behind this (and Similar Projectes) jailed for fraud?
Out the door... Minimum $900 bucks where I live. That feels close enough to a grand that trying to explain away usb 2 speeds with "But it's a budget phone!" is pretty disingenuous.
Lemme try:
Because trade deficits induce demand for dollars? Like how Japan and now China hold a bajillion US dollars? So if the US had (prolonged) trade surplus, no one would be holding dollars?
But wouldn't trade partners still need US dollars to buy US goods? Like the situation post-WWII?
So then we'd "loan" partners US dollars to buy our stuff?
Aiugh. My brain just broke.
How does a noob like me learn about these systems. I know it all probably makes sense to the learned. But with my folk (mis)understanding, these claims sound counterintuitive.
Thanks.