This is basically how the modern banking system works 😳

This only works because they each had a 20 dollar debt and a 20 dollar credit (20-20=0) And the debt and credits were between the three. This is not how money works in general or every time, as some people seem to be confused or misinformed into thinking.

That is not accurate. None of those transactions was taxed.

Uh guys, they are correct. Each had a debt of $20 and a credit of $20. 20-20=0. They are all even. The $10 illustrates the reconciliation process. Larry started with $10 in his pocket and ended with $10 in his pocket, as it should be. Funny but not nefarious.

Sad to see the curly replacement. The threee stooges weren’t the same without his style of slapstick comedy.

This is exactly the way Congress understands money.

Three Stooges explain the Federal Reserve Banking System

Sums up banking pretty well.

That's the average American thinking tax cuts and hand out that increase the debt are a "good thing" when both make them poorer by devaluating every dollar they have.🤷‍♂️ While the politicians laugh at them off camera.😞

Now we know how @GovMurphy and his posse run the books in Trenton… @wakeupnj @Oldglorycries

🤣🤣🤣🤣🤣🤣🤣

The original Three Stooges

And this is Y we are moving to a cashless society. It will happen next time democrats control all three.

@LynneB8898 🔥

@Maga4liberty 😂

@cherokeeowl Little child tell grandma; silver has gone up correct, grandma nods her head. I just pulled my tooth out the sliver one. He squeals tooth fairy giving me 10.00 dollars for it.

@Merica197138 These are liberal democrats

This is the Federal Reserve in a nutshell.

@grok what am I missing here?

Who's on first 🤣

Without interest nor admin fee

Funeral. Guy said I owed him $100 so he puts cash in the coffin. Next guy also puts. $100 in. I said I also owed him $100 but I don’t have cash. So I wrote a check for $300 and took the change.

NJ school funding committe at work. Everyone gets short changed… @GovMurphy @Jack4NJ

💯

I mean, it may be a comedy bit, but they actually ARE all even.

They all owed each other the same amount of money, which canceled out their debt. DUH. Are people really this stupid?

If everybody owed 20 to the other before then they were even from the beginning so this makes perfect sense. Unlike fiat currencies.

Every funding of Ukraine begins here.

The National Debt in short form.

@LynneB8898 👍🏼👍🏼👍🏼

@WyattCatarina Fact. Truth in laughter.