Topic: Bank create money out of thin air faster than you! (Read 274 times)

I guess to live right now feels exactly like you described it. It is everyday battle between big govs /banks and regular people, citizens, users.
Its our fight we have to take in order to keep the balance. We don't want banks to get over the control, because it will fall economy apart and people will come up with new currency to use.
If people will get rid of banks there will be loan sharks anyway

Zeusky Babarusky 2 days ago remove link There is no real opportunity anymore in these markets. Winners and losers are chosen. There is no such thing as learning these markets, researching the fundamentals and true value of companies before you invest in them. The numbers are faked. Non-GAAP accounting, share buybacks, and a plethora of other ******** that has destroyed any and all true price discovery. Look at oil. The **** has not quit going up this week, and on what news? That the god damned Chinese are using 20% less oil than they normally use? That shipping and transportation have crashed due to this virus. Cruise ships being avoided, and with good reason. People cutting out air travel, because who wants to go to another country, only to end up in a quarantine, or worse, infected with this damn virus while away from their home country. ******** manipulation everywhere to keep up the rosy appearance, while we have leveraged ourselves to the point of no return. Only those belonging to the big club will be enriched by this crony capitalist ******** system in place, and in regards to that big club, none of us are in it.   play_arrow 22  play_arrow 2  vtec 2 days ago remove link

It is actually Inflation that is killing your buying power and not just the Banks, printing all that toilet paper money.    The Reserve Banks have to juggle the local economy to create a perception that the economy are growing, because it attracts foreign investments and it also keeps them in power, if they can keep the voters happy.

The continuous printing of money are based on a complex system of demand for liquidity and economic stimulus to boost the local commerce and trade. Luckily for us, Satoshi fixed the total coin cap, so we know that nobody can manipulate the supply of tokens. We also know that the whole system is built on scarcity, so the coins should increase in value over time, as less coins are mined and demand increase. 

There is a great story called "I want the earth plus 5% more" by Larry Hannigan which explains this situation better than anyone else I have ever seen with a bit of futuristic but becoming more and more reality future part involved as well. Basically banks and the federal reserves are friends and they are doing this to get richer and richer everyday in spite of the world not getting any richer at all.

You may think that humanity is richer nowadays compared to 2000 years ago thanks to more fair living and no slavery (sort of) and better technological advancements and all that but believe me those banks and reserves are working to make sure that gap once again opens wide enough that we may be considered slaves right now, 90%+ of the world would die if they do not have any money at all for over 1 year, collective poverty results with death (look at Venezuela) so they are just making sure we have juuuust enough to not rebel or die.

AFAIK,only banks print their local currency but under the laws given by the respective government, OP is right but not entirely,Banks are creating money out of thin air but gradually so purchasing power decreases every year by negligible amount if we calculate them for a decade it will turns out to be big

It is actually Inflation that is killing your buying power and not just the Banks, printing all that toilet paper money.    The Reserve Banks have to juggle the local economy to create a perception that the economy are growing, because it attracts foreign investments and it also keeps them in power, if they can keep the voters happy.

There is a great story called "I want the earth plus 5% more" by Larry Hannigan which explains this situation better than anyone else I have ever seen with a bit of futuristic but becoming more and more reality future part involved as well. Basically banks and the federal reserves are friends and they are doing this to get richer and richer everyday in spite of the world not getting any richer at all.

You may think that humanity is richer nowadays compared to 2000 years ago thanks to more fair living and no slavery (sort of) and better technological advancements and all that but believe me those banks and reserves are working to make sure that gap once again opens wide enough that we may be considered slaves right now, 90%+ of the world would die if they do not have any money at all for over 1 year, collective poverty results with death (look at Venezuela) so they are just making sure we have juuuust enough to not rebel or die.

This may be meaningless. But we can create awareness and we will have miracle very soon.
Don’t we have satoshi stand up against the threat?
By creating more awareness, we are helping to create more satoshi among us, with enough satoshi around us, we would see change coming.
The change is very little, that’s why we need to create more awareness,  with the advance of social media, we can create awareness much faster, however nobody would want to make it easier for you to create awareness, they want to censor your voice by passing garbage bills through Congress, the entire internet is in very bad shape today, we have been spammed with both side of a story and many more. But in the early day, internet was very simple, we have more intelligent discussions way back in the time, by now most people have been tame down to IQ 50, and they can’t tell which one is real.

^^But what you can do to change these things?

We can't do aything other than what our goverment asking us to do even in democracy the rights are limited so you can use their money or don't use them.Not the banks only governments do.

Thanks for explaining this complicated oppressive act in simple terms and formula. I appreciate it and it helps us to understand the real face of today's governments who are acting together to make the rich richer and themselves along with it and we need to replace it with a system which is ideally very similar to what crypto can offer.

Yeah you sum it up everything here and I enjoy reading this post, this is my condition when I am not yet in Cryptocurrency, we watch the government and bank pouring us their created and telling us what it can buy and how we can earn, I'm thinking in the future this fiat will become obsolete and these government will just issue their own coin in the their own chain.

No one hides cash under their beds anymore, people save money by putting them in funds or investing in stocks/commodities on their own, or they do both. Their minimum goal is to beat the inflation, but often they make quite good additional income in the long run (unless they are autistic gamblers who blow their money on day trading).

Summary, can you have saving today? How can you have any saving at all? Personally crypto is my only saving, my cash flow have been -ve since forever, more money out of pocket than more money go in, the ratio is greatly skewed toward expense, with each passing year the ratio gain more skewedness, 99% expense and 1% income, it’s not healthy.

Bank continue to create money out of thin air at the comfort of their sweet aircond/clean air/Corona-free room white collar jobs while the rest of us need to fight to dead to make some money for living, (Uber, YouTube, MMO, Crypto trading, mining, scamming gullible investor, flipping junk on eBay, Webcam, hacking govt site) we risk our life working everyday, for a pay that cannot compete with the speed banker press the “print money” button at their basement, and print money is risk-free too.

The bank can print $10 out of $1, it translate to bank purchasing power of $10 while your purchasing power is $1, $100 while your is $10, $1000 while your is $100.

Bank print the money to buy Big Mac everyday, so the bank willing to pay $10 for each Big Mac, thus price fixing the Big Mac to $10, you all also need to pay $10 for Big Mac. When bank decide to pay $100 for Big Mac, all of you need to pay $100 too.

In the long run you can’t afford the same Big Mac, your purchasing power is stagnant at $1 for many years, while you need to keep paying $10 for Big Mac, what can you do? Stop eating Big Mac? Change diet to broccoli instead?

Of course in the long run bank will continue to buy Big Mac at inflated price, $10, $100, $1000, bank have unlimited money.

Summary, can you have saving today? How can you have any saving at all? Personally crypto is my only saving, my cash flow have been -ve since forever, more money out of pocket than more money go in, the ratio is greatly skewed toward expense, with each passing year the ratio gain more skewedness, 99% expense and 1% income, it’s not healthy.

Unfortunately, elites rule the worlds at the moment. They are ruthless and do whatever they want. Yes, they can get money from the air, so being in this system, an ordinary person is just a slave to them.
But there is a way out - buy your land, do something useful there (for example, eco-products), sell it to others the same as you (or exchange for something that they produce). In this case, we bypass the money side. We work - and we get the result in the form of products or anything else.
This is a simple scheme, but if you think it over well, then teaming up with people, you can be aloof from this slave system.

Even with a large number of savings, they can easily depreciate in the event of a collapse of the bank and the financial system. As you know, this happens repeatedly with a certain degree of cyclicality.
Therefore, it is quite dangerous to keep money in assets that are not secured by anything. In addition, banks can print money as much as they want, thereby depreciating these pieces of paper.

Banks loan out the money that they got from deposits and charge interests. That's how most of them make money. They do not create money out of thin air, but they do create money by using the trust people have given them, which is kinda smart (and nefarious, lol) if you ask me.

It is actually the governments who can create money out of thin air and faster than Usain Bolt. Certain financial policies aid them in doing such, though of course certain conditions should be met before they start printing out money. We all know what happens if a country decides to overprint its money, take for example Venezuela and Zimbabwe. Their currencies are affected by hyperinflation due to continuous printing of money which turned out to be really detrimental to their economic growth.

I get your sentiment but it is what it is.

It's the government of a country which determines whether to make money out of thin air or not and to control the money flow inside the country. Banks will be filled with money when there's more money on people's hands and that is governed by the economic policy of the government. So, basically in my opinion, banks do not make money out of thin air, but the governments do...

Money, "paper money", is a representation of how well your government is able to fulfill its obligations that every currency you print has an equal value in terms of GDP and has a guarantee.
Many countries flounder in monetary policy, so considering the protective money of these countries on the basis that they are assets is a matter of value.

As for saving, as you enter the mouse race, you must develop your skills in order to save more money. Inflation is difficult to balance, but does not change its essence.

Now when we think about it , if a person deposits 100$ in the bank , the banks loan out that 100$ to someone else , they are not creating money out of thin air , everything is systematic and going in hand to hand.