@GabrielDuquette It's not that advanced but it is weird as hell. Basically you open a bank with $1000 to lend. You lend $1000 to someone.
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Replying to @St_Rev
@GabrielDuquette You turn around and go to the Federal Reserve bank and borrow $1000 in cash from them, using the contract as collateral.1 reply 0 retweets 1 like -
Replying to @St_Rev
@GabrielDuquette You now have $1000 in cash! Lather rinse repeat. This is how banks ACTUALLY WORK.1 reply 0 retweets 0 likes
@GabrielDuquette There are other similar processes that create money out of thin air. It does your head in.
11:54 AM - 18 Oct 2014
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.