Actually banks are creating money that we are using right now and nobody of us know about this.
In past, Commercial banks were responsible for creating paper cash, they used to give paper cash to people who will deposit heavy metals or Jwelleries in bank.
Later on reserve banks taken out this power from commercial banks, but right now banks are creating digital money and most of us are using those digital money created out of thin air with our credit cards.
https://www.youtube.com/watch?v=oJ5Hq0NDErAIt is very interesting that so many people think that bitcoin is a way to just print money out of nowhere when banks are the ones that are doing it right under their noses and they do not seem to notice, banks and their fractional reserve banking practices are one of the most important reasons why there is a huge level of inflation and why once there is a banking crisis so many of them face bankruptcy since they lend money to each other and create money that way and when several banks go bankrupt they have to register huge losses since those banks will not repay their debts.
