[–] Gringojones 0 points 1 point (+1|-0) ago 

Banks don't print money. They do something much more nefarious.

They get to "loan" money they don't have, and then collect interest on that same imaginary money they never actually had. All while also being repaid the principal amount, again money that never existed in the first place.

Aren't fractional reserves awesome?

[–] [deleted] ago  (edited ago)


[–] Gringojones ago 

Printing is printing. Virtual money is not printed.

Printing is a physical process. Calling creating money as a number on a ledger printing is a misnomer.

Unless that money is physically printed to match the account balance. Which it isnt.

I understand the point you are getting at. I also understand the semantics of it. But it's not accurate to call it printing when the money only exists as a number in a system.

[–] nomenimion ago 

The Federal Reserve “prints” the money. Not ‘Jewish banks.’