Greece Vs Germany and the disappearing money

We live in a time where money is going to be taken from people, and we are in the process of establishing who will be the losers.

So why cannot everyone just keep the money they have, we then reset the system there and just continue? We can't because they are literally holding on to the same money. Let's assume that Alexandra in Greece has money in a bank account, where the money originally, through a couple of steps, comes from a loan from a bank in Germany.

What Alexandra in Greece thinks is her money on her bank account, also shows up as the money on Hertha's bank account in Germany.

To see why this is so, we have to take a simplified look at fractional reserve banking, which is how banks work today. When Hertha deposits money into her bank account, the bank only keeps a fraction of it, and then lends out the rest to someone else. That person may in turn deposit it into another bank account, where a fraction will be kept and the rest is lent out by the bank to someone else.

This means that when Hertha wants to take out all her money to do something with it, the other people's bank account balances will be zeroed, including Alexandra's.

Or if the other people down the chain says that they have a right to keep the money, then Hertha's account balance will be zeroed.

So we are basically in the process of establishing who should have their bank balances zeroed.