Comment by arcanemachiner
12 hours ago
Banks create money when issuing a loan. This is how fractional reserve banking works. They lend money they don't have (most of). This is institutionalized fraud, and it's been standard operating procedure for centuries.
But the fraction to be kept in reserve has been zero for 4-5 years.
Almost like the concept is complete bunkum.
It’s been zero in the UK for hundreds of years.
that.. doesn't make it better
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