Re: Profit in Money Creation
As you agree, by the end of the clearing period, the bank has to net off all the transactions and either lend or borrow money to match the net difference.
"As I spend the +units my account goes out of balance (in the red) , this is offset by the receivers of my units depositing them in their accounts (in the black)."
Which is likely to be a different bank.
Biting the hand that feeds IT
