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A comment on France and Germany Agree to Block Facebook's Libra. Parent comment

Re:France and Germany Agree to Block Facebook's Libra by gwenzek on Sunday September 15, 2019 @04:34AM (#20976201)
> Every loan any bank ever makes is matched with some asset.

This was true 200 years ago not anymore. https://en.m.wikipedia.org/wiki/Money_creation#Credit_theory...

Only 3% need to be matched IIRC

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Re:France and Germany Agree to Block Facebook's Libra by zAy0LfpBZLC8mAC on Sunday September 15, 2019 @05:19AM (#20976322)
Quoting from the section that you linked to:

> When a bank issues a loan of $1000 to a customer, they debit the customer's loan account with $1000 and at the same time they credit the customer's deposit account with $1000, ready for using. The bank now has a new asset of $1000 and a new liability of $1000.

So ... do you have a source that supports your claim rather than mine?

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