Miscellaneous > The Lounge
Most powerful organization ever...
worker201:
Exxon!!!!!!!!!!!!!!!!
WMD:
--- Quote from: obob ---eBay owns PayPal, which can provide money through digital means, meaning it could theoretically hand out cash like it was nothing, say, $40,000,000,000 per user...
--- End quote ---
Can PayPal really do that? My impression is that they just transfer existing money.
worker201:
--- Quote from: WMD ---Can PayPal really do that? My impression is that they just transfer existing money.
--- End quote ---
I didn't think this was a serious enough topic to even ask, or consider it. They could probably create the illusion of money, but not quite that much, and not for very long.
Pathos:
This the same for all banks as well.
Just destroy paper and electronic records and shit hits the fan.
Credit card companies can give money away for nothing.
Calum:
again though that's still moving money around, not creating it. the more money that gets created, the more devaluated each unit of currency becomes. the bank of england has this power in the whole UK actually, i have no idea about other countries' arrangements.
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