Reading your posts over the years proves you do.
Clearly the money is loaned repeatedly to 'create' money that did not exist in the original $1000 dollars.
You love to play coy, I know, so here is a Wiki link for others who care to look: Toddster mash
The multiplier can vary of course, but the result is the same.
The money supply grows every time a loan is made.
All backed by Helicopter Ben and his crew. Oh yeah, and the "full faith and credit" promise.
I'm not pretending anything. Bank reserves are a fraction of deposits. That means they loan less than their deposits. You think they loan more? Show me how.
The money supply grows every time a loan is made.
Show me where I disagreed with this.
A bank with $1000 and a 10% reserve requirement can loan $900. When they do, $900 has been created.
Thanks for the link, it shows deposits are greater than loans. LOL!