> I wonder how it works with the private banks. […] Did this create $100k? Central banks do not create money, contrary to popular opinion. Money is created in

> I wonder how it works with the private banks. […] Did this create $100k? Central banks do not create money, contrary to popular opinion. Money is created in two ways: by the Treasury/Mint via bills and coins, and via private banks with credit. See Roche: > This paper provides a general understanding of the workings of the modern fiat monetary system in the United States within the context of the global economy. The work is primarily descriptive in nature and takes an operational perspective of the monetary system using the understandings of Monetary Realism. * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625