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I'm confused about the downvotes you're receiving. You're right. The fractional reserve, and especially derivatives, has created trillions of dollars in the las
by maneesh 9y ago
I'm confused about the downvotes you're receiving. You're right. The fractional reserve, and especially derivatives, has created trillions of dollars in the last decade.
See here for a visualization of the world's money supply: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ http://money.visualcapitalist.com/all-of-the-worlds-money-an...
- deleted 9y ago[deleted]
- resf 9y agoIf I buy a grain of sand from you for $10, have I just massively expanded the number of dollars in existence? Market capitalisations != money.
- pharrington 9y agoMarket capitalization general corresponds with the amount of debt a company is able to take on, and the creation of debt literally is the creation of money.
- maneesh 9y agoYes. If you create an etf or stock index or public stock, you have massively created the number of dollars in existence.