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Banks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI: "You can't stop it." (futurism.com)
submitted 5 days ago by to c/technology@lemmy.world
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[–] 3 points 4 days ago (1 child)

Banks are the largest mafia on the planet. They literally have a license to print money

Elaborate. The government prints money, not banks.

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  • [–] 2 points 4 days ago

    No it doesn't. The government has nothing to do with the money supply (as long as the CB is independent). Central banks create currency, commercial banks borrow from the central bank and create by far the largest part of money supply by giving loans.

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