>> Even loans don't create money: the issuing bank have the amount subtracted fr...

		CraigJPerry on Dec 11, 2022 \| parent \| context \| favorite \| on: EU-wide maximum limit of €10K for cash payments >> Even loans don't create money: the issuing bank have the amount subtracted from its reserves Not even the old system (fractional reserve) referred to in the fed link above works that way. The new system deletes what was left of fractional reserve policy.