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[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeici346ruxtxpimzslgzureibzwl5tcqbfazk3gzaeg5hulh6cnety/)](https://3speak.tv/watch?v=taskmaster4450/pkeiyott)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/pkeiyott)

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When it comes to money creation, many feel that since it is "created out of thin air" there is nothing backing a deposit.  After all, with fractual reserve banking, there is no need to keep the currency in the bank. 

Here is some insight: this idea makes no sense since there was no currency to begin with.  

In this video I discuss what is backing the deposits.  Double entry accounting guarantees there is something there.  What is it?

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▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/pkeiyott)

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