Most people think that when they go to the bank to borrow money (credit card, mortgage, auto loan, etc.) that the bank has money it the vault to give to them if they qualify.
The fact is, there is no money in their vault, or anybodys vault, except minor amounts that are required to be left there. You cannot borrow that small reserve - it is illegal. So where does the money come from? Is it created or what? Is this part of the Federal Reserve system of creating money out of thin air?
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