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You know most money is created by commercial (private sector)

banks when they make loans, right?

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What gives private banking the means to create loans?

Joe- Автор вопроса
The Count of Monte Crypto
What gives private banking the means to create loa...

Not the Fed, look at any modern country, e.g. Switzerland

The Count of Monte Crypto
What gives private banking the means to create loa...

Capital. Usually 10x. Ie my friend works at a bank. If I deposit 100,000 they can LOAN out 1 million dollars. Do they have a million? No they don’t. They’re figuring th y can make it back with the interest on the million loan and giving you Pennie’s for your interest rate to hold it there. Lemme find this succinct video buddy

Joe- Автор вопроса
Scoville G
Capital. Usually 10x. Ie my friend works at a bank...

What gives the bank the ability to loan out your money at 10x?

The Count of Monte Crypto
What gives the bank the ability to loan out your m...

If they can get 10% interest it pays for itself over time?

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