The value of stocks has no direct impact on the volume of currency that exists, and printing literal paper money is only a tiny fraction of the new currency generated by the banking system. The person you replied to is correct. Most new money is created by banks:
https://en.wikipedia.org/wiki/Fractional-reserve_banking
As banks hold in reserve less than the amount of their deposit liabilities, and because the deposit liabilities are considered money in their own right (see commercial bank money), fractional-reserve banking permits the money supply to grow beyond the amount of the underlying base money originally created by the central bank.
For example, if banking regulators set the ‘reserve ratio’ at 1:10, and you deposit $1,000 at your bank, then your bank would be able to give out loans worth $10,000. The effect on the volume of currency that exists is the same as if the US Mint printed an additional $9,000.
One of the problems with that system is that all that money is owed back to the bank + interest. However, there’s not actually enough currency in existence to pay back all the loans + interest, so the banks inevitably get to confiscate people’s property when they default on loans. Remember that the banks invented that money from thin air via fractional reserve lending - now they’ve turned that thin air into physical, tangible wealth at no cost to them.
Another problem with that system is that big loans - i.e. new currency entering the system - take time for their full inflationary effects to be felt. The “people” who get the big loans can spend the new currency at its full value, but by doing so they put enough new currency into circulation to devalue it via inflation.
One of the consequences of the fractional reserve lending system is that increasing the ‘reserve ratio’ will decrease the rate of inflation. Less new loans are issued, so less new currency enters the system. The banking lobby does not want this to become common knowledge, for obvious reasons. Federal taxes can be eliminated entirely, and the regulatory effect those taxes would have had on inflation can be substituted by taking it out of the banker’s profits by reducing the amount of new currency the banks are adding to the economy via fractional reserve lending.
Ironic. We could afford more flags and guns if we had a single payer healthcare system and stopped overpaying for terrible insurance that doesn’t actually cover you when you need it.
Yeah, there’s no way all those seams are gonna hold in the AC/heat, and I would bet there’s sub-optimal insulation in all the floors and ceilings exposed to outside air.
isn’t that the code that lets you both play as the same character in Street Fighter?
enemy spy does enemy spy things and ends up in enemy mafia-owned gas station
oh no!
you don’t know what’s in there. could be pumpkin spice.
Why does the working class, the larger of the two classes, not simply eat the smaller one?
step 1: it puts the lotion on its skin
Yeah, I imagine they can be decent for businesses with in-house repair staff and that print stuff all day every day so the nozzles usually don’t dry up and clog during business hours.
But if you’re not in the printing business and don’t have someone in the office who is comfortable grabbing a screwdriver to take a printer apart and fix it, then you’re probably better off with a laser printer.
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I’ve never used a refillable bottle type inkjet, but everyone I’ve talked to who has says they’re a nightmare and never work right.
Yes, that’s exactly how the two android phones I’ve used have worked, and why this post is getting upvoted is a mystery to me.
There are also folders called “Camera” and “Screenshots”, and I’ll give you three guesses where photos and screenshots go.
They also have a ‘feature’ where they automatically brake check the car behind you if you’re using cruise control on a bendy road. The computer interprets oncoming traffic as an imminent collision and slams the brakes.
capitalism is incompatible with democracy, and CNN is pro-capitalist.
so don’t track login sessions, etc.
no cookies, no problem with not having asked for cookie consent.
if the site breaks, it breaks, and leaving it broken is a choice users can make.
I’m able to connect to and use cnn’s website from Berlin using Firefox with uBlock and NoScript.
Still kinda funny that they’d ask you to lower your defenses in order to “protect” you.
096 has breached containment