AHHHHHHH! Relief. Finally somebody who understands how economics work and is brave enough to risk the flames by challenging incorrect statements. I'm new to the community and I too am excited about the exchange rates on crypto, but I've been growing steadily disheartened at how many people are upvoting, praising, and evangelizing false postulates.

Banks do not print money, nor do they generally borrow from the Fed. Remember the good ol' Savings and Loan from "It's a Wonderful Life"? Just because big capital easily crushes the individual, leading people to form a resistance against the machine mentality, doesn't mean there is some conspiracy.