/biz/ - Business & Finance

[Anonymous No.53697435]

Would any high IQ anon explain to me how does the FED, or any central banks (in my case the BOC), can profit private's individual interest?

I haven't connected the dot yet, I know giving away the power of creating money to an external entity isn't a good idea. Let's say, the Canadian Government request money from the BOC, they lend the money with interest, gov pays it back (or never does), but the BOC is not privately own. So that interest they made on the loan, where does it go?

How does the money flows out of the central banks?

[Anonymous No.53697489]

>>53697435
Stop being so antisemitic and stop worrying about it.

[Anonymous No.53697646]

>>53697489
Watch out gentile, I got a three days for saying that and posting sushis.

[Anonymous No.53697747]

>>53697435
>Experian is $30 Trillion in debt
Lol, source?

[Anonymous No.53697775]

>>53697435
Serious answer:

>Richard A. Werner (University of Oxford): This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. The banking crisis has revived interest in this issue, but it had remained unsettled. Three hypotheses are recognised in the literature. According to the financial intermediation theory of banking, banks are merely intermediaries like other non-bank financial institutions, collecting deposits that are then lent out. According to the fractional reserve theory of banking, individual banks are mere financial intermediaries that cannot create money, but collectively they end up creating money through systemic interaction. A third theory maintains that each individual bank has the power to create money "out of nothing" and does so when it extends credit (the credit creation theory of banking). The question which of the theories is correct has far-reaching implications for research and policy. Surprisingly, despite the longstanding controversy, until now no empirical study has tested the theories. This is the contribution of the present paper. An empirical test is conducted, whereby money is borrowed from a cooperating bank, while its internal records are being monitored, to establish whether in the process of making the loan available to the borrower, the bank transfers these funds from other accounts within or outside the bank, or whether they are newly created. This study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as "fairy dust" produced by the banks individually, "out of thin air".

https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence/link/55e0bd2e08ae2fac471c9fb5/download

[Anonymous No.53697885]

>>53697775
Thank you anon I'll read it tonight. I do need to understand the true power of central banks and how the money gets away from it.. I'm sure that will help

[Anonymous No.53697984]

>>53697885
Central banks and their figureheads are merely tools of the global banking cabal.

[Anonymous No.53698067]

>>53697984
I know. I just don't fully understand how they extract wealth from the goyims.

[Anonymous No.53699448]

>>53697435
go fucking learn how the fiat system works. this educational cartoon will get you started. https://youtu.be/H4XL8s1BEdk

[Anonymous No.53699674]

>>53697435
>Poor people will share this braindead meme on Facebook with each other