3 Jun 2023 8:19 am
Beekeeper » 02 Jun 2023, 10:12 am » wrote: ↑ NOW you have the words CORRECT!!
Banks don't "create" deposits, but "create" the funds used to MAKE deposits!! Semantics are important when making a case in point.
...private commercial banks/banksters create the money they 'loan' out of thin air, you stooooooooopid f@ck [and monetary ignoramus]... they decide who gets any 'loan$', at what 'price' [interest rate] and the other terms of the loan...
...this 'privilege' enthrone$ them... today's 'golden rule'.... 'they who control the federal reserve notes ['the gold'] makes the rules...
...maybe you two stooooooooopid puppet-sucking republic#nts [and monetary ignoramuses] might think about this the next time you get to working your orange c@ck
suckers about the republic#nt/democ#nt $hit-puppets/$hit puppetry!... 
https://positivemoney.org/how-money-wor ... ate-money/
“In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”
“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money’, created at the stroke of bankers’ pens when they approve loans.(1)” [our addition in brackets] (Bank of England, Money Creation in the Modern Economy)