There are still capital requirements of 4 ~ 8%, so banks can't issue infinite loans. It's "value of the bank" versus "value of the deposits". Still seems fishy to me... They also redefined M2.

Reply to this note

Please Login to reply.

Discussion

I would just use the revenue from the loans to make the bank appear more valuable while I dump as much freshly-printed money as I can into bitcoin

The bank would fire me, but they don't fire bankers who think like me until the bitcoin part and then dump the money into bombing Gaza instead

You need the right intermediate steps. Didn't you take the (A)ML training?

No, that's another reason they'd fire me