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$ETHP - The Money Printers of All Money Printers
$ETHP - The Money Printer of All Money Printers
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PRINTS GOES BRRRRRR rekting dollar, the ultimate sh\*tcoin!
>Eh, in a roundabout way they kind of do. No, they don't. They create CREDIT not money. Big difference. I told you, if they actually print money, you better call the Secret Service. > > >Give a bank $10, they can now loan out $100 to consumers. That's not how it works. Start your own bank and put $1000 in the bank. Do a car loan for $10K. Customer takes that check to the dealership, who then deposits it in THEIR bank. That bank now asks your bank for $10k. You don't have it. Result: Bankruptcy. Your bank is closed. FDIC cuts you a check for your $1K deposit. How it REALLY works: Deposit $10K, loan out $9K. Keep $1k in reserves - on deposit in your vault or in the Fed. ​ > They don’t have $100 to loan? Borrow money from the fed who then “prints” the money out of thin air and loans it to the bank, so the bank can then loan it to consumers. You cannot borrow from the Fed without having sufficient QUALITY assets to make it happen. This means Treasury bonds/bills, municipal bonds, or AAA corporate bonds. The Fed issues credit not printing money. The ONLY place that PRINTS money is the Bureau of Engraving and Printing, US Treasury. Period. The fiat system is rigged, but you gotta understand it properly.
tldr; Softbank-funded 2TM, owner of the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focusing on blockchain companies around the world. 2TM Ventures has so far invested $32 million across a portfolio of 10 companies in the crypto universe, CEO Roberto Dagnoni said. Some of 2TM’s investments include a stake in $PRINTS tokens in the Fingerprints DAO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*