3 ms·

The bank generated that "money" out of thin air. The big scam is that it's all just ones and zeroes.

• mikeash 10y ago
  That's... not how money works.
  • RUG3Y 10y ago
    http://positivemoney.org/how-money-works/how-banks-create-money/ http://positivemoney.org/how-money-works/how-banks-create-mo...
    • mikeash 10y ago
      I'm aware of how fractional reserve banking works. It does not mean that the money is generated "out of thin air."