> only where they deliniate such activity to private entities, but it is still at the permission of the state...keep up. heh, disingenuous, dishonest boomer is trying to weasel out now. > they literally dont print most fiat currency isn't actually printed. > anything without the permission of the state, only the central bank prints or can demand to have physical fiat currency cash and coins printed or minted or coined for it under exclusivity contracts. but 99% of the money supply doesn't even exist as physical cash and coins. it's make believe fictional cash and coins which only exists on the books/ledgers of the wider banking system. and any bank anywhere can create more of this fictional cash and coins by pretending to "lend" it to willing borrowers. but there's no lending involved. if you lend me your daughter, you don't get to have your daughter around the house to do your dishes and laundry for you until i will have returned your daughter. not so with the money the banking system supposedly lends out from depositors' deposits or checking accounts. if the money banks "lent" to borrowers actually came form depositors' deposits or checking accounts, that money wouldn't be available to the depositors again until returned/paid back by the borrowers, even if that means waiting decades for a home mortgage loan's principal to be paid back. but this is not the case in practice. both the depositors and the borrowers who were supposedly lent the depositors' money can spent the borrowed/lent money at the same time, on different stuff, each for themselves. so, for all intents and purposes, bank lending is issuance of new fiat currency. and i don't just mean central bank lending. > ergo, it is state directed, ergo you are wrong. heh. first of all, state permitted/sanctioned is not the same as state directed. second of all, the state works for the banks and other private corporations, not the other way around. although, sadly, everyone ultimately works for the kikes
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