> "They want your money to lend to other people at yet higher interest rates." Banks don't rely on existing deposits to make loans, the loans are backed by the

> "They want your money to lend to other people at yet higher interest rates." Banks don't rely on existing deposits to make loans, the loans are backed by themselves, they're created out of nothing. I'd recommend this short video which shows how banks create money from loans: https://www.youtube.com/watch?v=I_QC15C7o4A https://www.youtube.com/watch?v=I_QC15C7o4A