[null and void]

You realize your math still doesn't work? LOL!

Hmmmm.

$100 into the system at 20% reserves yields over $350 of money coming out of the system.

$100 into the system at 10% reserves yields over $850 of money coming out of the system.

Either way, the banks created money. That was my point.

Your point was that banks cannot create money.

My estimates were a heck of a lot closer (I missed by $150) than yours (you missed by $860).

Yeah, I guess I made a math error after all...

[Toddsterpatriot]

I know how the banking system works. I want to know how your bank turns a single $10,000 deposit into $100,000 in loans and $10,000 in reserves, as you claimed, without borrowing any money or getting additional deposits.

My point is that you can't. Unless you prove you can.

I've only been asking since post #11. Take your time. LOL!