Quote:
Originally Posted by Acting Like Godot  Umm ... basically you don't really understand any of this stuff.
Bankers don't print money. That would be illegal, in exactly the same way that it is illegal for you to print money using Photoshop and your colour printer at home.
Governments print money. |
And put it... where, exactly? Under some big mattress in some big building?
Banks need to maintain capital reserves, per the authority of the central bank (at least in the U.S.) Where do they get those reserves? From the government that just printed it.
btw, thank you for reminding me that I don't understand any of this stuff. Perhaps if any of us can get some answers to some simple questions, that issue might be resolved.