Even the stodgy Library of Congress admits that banks create new digital money out of thin air when they lend.
Proofs upon proofs available at:
bank LIES dot ORG
Even the stodgy Library of Congress admits that banks create new digital money out of thin air when they lend.
Proofs upon proofs available at:
bank LIES dot ORG
It's called (((Fractional Reserve))) faggot, and yes that too is a jewish concept to create a debt spiral so banker kikes get free shit for nothing.
Then why wasn't there 7% inflation between 2010 and 2020? Were the private banks less greedy?
Gee why do they create so many loans? Is it because the interest rate on those loans is zero? It seems like they'd be more careful about lending money if there were any costs associated with lending it.
Here's a 1966 admission by the NY Fed:
"In the communist countries, money is created in the same way as in the Capitalist countries -- through the extension of bank credit."
Banks create almost all money when they lend. Since inflation is due to an increase in the money supply, private banks are the culprit.
bank LIES dot ORG
>FUCK OFF KIKE
>YOURE WRONG EVEN THOUGH I HAVE THE EXACT SAME OPINION AS YOU
mutts everyone
The Fractional Reserve model is a hoax that hasn't existed in at least 100 years.
Banks simply create 100% new money out of nothing when they lend to borrowers, with no need for prior deposits or reserves.
Richard Werner proved this empirically in 2014.
The official inflation numbers are rigged and phony, so I wouldn't count on them.
The debt levels and money supply levels have been surging for a long time.
The question you should be asking is this: WHERE DOES ALL THE NEW MONEY COME FROM THAT CAUSES PRICES TO RISE?
I already gave the answer: PRIVATE BANKS create over 95% of the money supply.
Nope. Go find a chart of credit card interests rates and 30 year mortgage rates and compare them to the Fed Funds rate.
ZERO correlation!
Banks create new digital money out of thin air and lend at whatever rates they want.
Go search some charts on google images and see for yourself. I will forgive you.
Banks loan at whatever rates they want. The Fed Funds Rate set by the Fed doesn't force banks to do anything.
For example, after the housing bust in 2010, the Fed Funds rate dropped to near ZERO like it is today.
But commercial lending rates went UP instead of down.