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[–] 0 points 4 months ago (5 children)

Do you think these bills actually got deducted from their accounts?

Money is stored in computers these days, not bank notes. If the bank had $4,756,873,467,129 before the rats ate the bills out of the machine, the bank still has $4,756,873,467,129 after the rats eat the bills.

The money gets deducted from the bank when a person makes a withdrawal, not when they refill the ATM.

A bank note just means "the bank owes me this much and will therefore honor this as legal tender." It's meaningless before the bank actually issues it.

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  • [–] 1 point 4 months ago (4 children)

    Do you think the federal bank hands banks money for free?

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  • [–] 0 points 4 months ago (3 children)

    To other banks, billionaires, and mega corporations? Yes.

    There might be some legal wrangling to keep the paper trails looking legit. Circular lending and all that. But that's essentially what they're doing.

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  • [–] 1 point 4 months ago (2 children)

    So the secret is start a bank for free money.

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