Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
Posted by: ARsandOutdoors
Posting time: 1.8 years ago on
Last edit time: never edited.
Archived on: 5/15/2019 10:00:00 AM
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79 upvotes, 2 downvotes (98% upvoted it)
Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
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[–] FUCK__ISLAM 0 points 2 points 2 points (+2|-0) ago
You have it wrong by an order of magnitude. Assuming, as the graphic does, a 10% reserve ratio then at step 1 the bank will loan $9,000. They don't make loans with deposits, they use deposits as a basis for making loans. They create the money at the time it is loaned. The Federal Reserve and its member banks are a money-printing government-backed cartel. Yet they are rapacious and crooked enough to sometimes go bankrupt despite a license to print money and evil and brazen enough to ask for public handouts when they do.
[–] JewsAreWhite 0 points 1 point 1 point (+1|-0) ago
this is the way that i've understood it
[–] TheAntiZealot 0 points 1 point 1 point (+1|-0) ago
Good post. Great username.