1 Jun 2023 6:46 am
...laughable, puppet-sucking republic#nt [and OBVIOUS monetary ignoramus] sheepbleeper just wrote the following on another thread: "Banks don't "create deposits" idiot. CUSTOMERS OF THE BANKS make DEPOSITS, ARSEWIPE!! There is NOTHING fraudulent about it either"
...the gd fool could have simply googled it before he exposed himself again as a monetary ignoramus!!
"Do Banks Create New Money When They Loan? Yes, banks create new money when they make loans. This is done through accounting entries when a bank makes a loan and creates a deposit account."
...the gd fool could have simply googled it before he exposed himself again as a monetary ignoramus!!
"Do Banks Create New Money When They Loan? Yes, banks create new money when they make loans. This is done through accounting entries when a bank makes a loan and creates a deposit account."