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No bank can't create cash like they want. There's regulation, authority. Do you know how bank work? Bitcoin and all crypto currency are not secure, a lot of peo
by madshiva 9y ago
No bank can't create cash like they want. There's regulation, authority. Do you know how bank work? Bitcoin and all crypto currency are not secure, a lot of people lose money stole by hacker then why arguing that is secure? because there's some math behind it?
There's no conspiracy with bank or governments, only people that want to be richer and richer, because of this stupid economy. The great democraty, this is the reason, because we failed to put priority about life quality, but about making money = success
Also if people stop looking for conspiracy but start to elect, vote for a more better world where everyone can own the same amount of land (that mean I have right to go to amercia without your passeport because you are not a real amercian, just a Citizen of the World), can have the same access to medecine or wathever, there's no need of money.
We all are little ants.
- bertolo1988 9y ago"No bank can't create cash like they want.", sadly they can. All they have to do is to lend some money.
- SCdF 9y agoCan you go into more detail about what you mean here?
- reallymental 9y agoLeverage, banks hold the ability to lend a certain sum of money to multiple parties, thereby 'creating' more money. The amount of money lent vs the amount of parties is the leverage ratio. It's usually managed well, but can get out of hand pretty quickly. Edit: Forgot to mention reserve amounts. They are crucial.
- Retric 9y agoBanks don't create money. People treat IOU's after depositing money in banks as money, but they are IOU's not money. The difference may seem meaningless most of the time, but occasionally it becomes extremely important.
- tome 9y agoNo they can't. There are reserve requirements which limit the amount of bank deposits (not "money") a bank can create.