Quote Originally Posted by Xmac View Post
There is a substantial difference between loans in which valid consideration is exchanged and loans in which money itself is created.
The school (the buyer) is getting a loan from, horrors, a bank. A fairly large one even. That bank engages in fractional reserve banking, and is connected to...wait for it...the Federal Reserve system.

So I'm kind of thinking that there aren't baskets of smoked clams, or racks of repurposed graphics GPUs senselessly wasting electricity, backing the funds.