GET https://kbin.spritesserver.nl/index.php/m/memes@lemmy.ml/t/24213/Rent-is-Robbery/comment/247733/votes/up

Security

Token

There is no security token.

Firewall

main Name
Security enabled
Stateless

Configuration

Key Value
provider security.user.provider.concrete.app_user_provider
context main
entry_point App\Security\KbinAuthenticator
user_checker App\Security\UserChecker
access_denied_handler (none)
access_denied_url (none)
authenticators
[
  "two_factor"
  "remember_me"
  "App\Security\KbinAuthenticator"
  "App\Security\FacebookAuthenticator"
  "App\Security\GoogleAuthenticator"
  "App\Security\GithubAuthenticator"
  "App\Security\KeycloakAuthenticator"
]

Listeners

Listener Duration Response
Symfony\Component\Security\Http\Firewall\ChannelListener {#723
  -map: Symfony\Component\Security\Http\AccessMap {#722 …}
  -logger: Monolog\Logger {#783 …}
  -httpPort: 80
  -httpsPort: 443
}
0.00 ms (none)
Symfony\Component\Security\Http\Firewall\ContextListener {#706
  -tokenStorage: Symfony\Component\Security\Core\Authentication\Token\Storage\TokenStorage {#1017 …}
  -sessionKey: "_security_main"
  -logger: Monolog\Logger {#783 …}
  -userProviders: Symfony\Component\DependencyInjection\Argument\RewindableGenerator {#705 …}
  -dispatcher: Symfony\Component\EventDispatcher\Debug\TraceableEventDispatcher {#747 …}
  -registered: false
  -trustResolver: Scheb\TwoFactorBundle\Security\Authentication\AuthenticationTrustResolver {#780 …}
  -sessionTrackerEnabler: Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage::enableUsageTracking(): void {#703 …}
}
5.67 ms (none)
Symfony\Component\Security\Http\Firewall\AuthenticatorManagerListener {#584
  -authenticatorManager: Symfony\Component\Security\Http\Authentication\AuthenticatorManager {#595 …}
}
0.00 ms (none)
Scheb\TwoFactorBundle\Security\Http\Firewall\TwoFactorAccessListener {#582
  -twoFactorFirewallConfig: Scheb\TwoFactorBundle\Security\TwoFactor\TwoFactorFirewallConfig {#842 …}
  -tokenStorage: Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage {#1018 …}
  -twoFactorAccessDecider: Scheb\TwoFactorBundle\Security\Authorization\TwoFactorAccessDecider {#581 …}
}
0.07 ms (none)
Symfony\Component\Security\Http\Firewall\AccessListener {#579
  -tokenStorage: Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage {#1018 …}
  -accessDecisionManager: Symfony\Component\Security\Core\Authorization\TraceableAccessDecisionManager {#937 …}
  -map: Symfony\Component\Security\Http\AccessMap {#722 …}
}
0.00 ms (none)
Symfony\Component\Security\Http\Firewall\LogoutListener {#786
  -tokenStorage: Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage {#1018 …}
  -options: [
    "csrf_parameter" => "_csrf_token"
    "csrf_token_id" => "logout"
    "logout_path" => "app_logout"
  ]
  -httpUtils: Symfony\Component\Security\Http\HttpUtils {#841 …}
  -csrfTokenManager: Symfony\Component\Security\Csrf\CsrfTokenManager {#1015 …}
  -eventDispatcher: Symfony\Component\EventDispatcher\Debug\TraceableEventDispatcher {#747 …}
}
0.00 ms (none)

Authenticators

No authenticators have been recorded. Check previous profiles on your authentication endpoint.

Access Decision

affirmative Strategy
# Voter class
1
"Symfony\Component\Security\Core\Authorization\Voter\AuthenticatedVoter"
2
"Scheb\TwoFactorBundle\Security\Authorization\Voter\TwoFactorInProgressVoter"
3
"Symfony\Component\Security\Core\Authorization\Voter\RoleHierarchyVoter"
4
"Symfony\Component\Security\Core\Authorization\Voter\ExpressionVoter"
5
"App\Security\Voter\EntryCommentVoter"
6
"App\Security\Voter\EntryVoter"
7
"App\Security\Voter\MagazineVoter"
8
"App\Security\Voter\MessageThreadVoter"
9
"App\Security\Voter\MessageVoter"
10
"App\Security\Voter\NotificationVoter"
11
"App\Security\Voter\OAuth2UserConsentVoter"
12
"App\Security\Voter\PostCommentVoter"
13
"App\Security\Voter\PostVoter"
14
"App\Security\Voter\UserVoter"

Access decision log

# Result Attributes Object
1 DENIED ROLE_USER
null
"Scheb\TwoFactorBundle\Security\Authorization\Voter\TwoFactorInProgressVoter"
ACCESS ABSTAIN
"Symfony\Component\Security\Core\Authorization\Voter\RoleHierarchyVoter"
ACCESS DENIED
"App\Security\Voter\EntryCommentVoter"
ACCESS ABSTAIN
"App\Security\Voter\EntryVoter"
ACCESS ABSTAIN
"App\Security\Voter\MagazineVoter"
ACCESS ABSTAIN
"App\Security\Voter\MessageThreadVoter"
ACCESS ABSTAIN
"App\Security\Voter\MessageVoter"
ACCESS ABSTAIN
"App\Security\Voter\NotificationVoter"
ACCESS ABSTAIN
"App\Security\Voter\OAuth2UserConsentVoter"
ACCESS ABSTAIN
"App\Security\Voter\PostCommentVoter"
ACCESS ABSTAIN
"App\Security\Voter\PostVoter"
ACCESS ABSTAIN
"App\Security\Voter\UserVoter"
ACCESS ABSTAIN
Show voter details
2 DENIED moderate
App\Entity\EntryComment {#1378
  +user: Proxies\__CG__\App\Entity\User {#1371 …}
  +entry: App\Entity\Entry {#1856 …}
  +magazine: App\Entity\Magazine {#312
    +icon: Proxies\__CG__\App\Entity\Image {#293 …}
    +name: "memes@lemmy.ml"
    +title: "memes"
    +description: """
      #### Rules:\n
      \n
      1. Be civil and nice.\n
      2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you *have* to.
      """
    +rules: null
    +subscriptionsCount: 1
    +entryCount: 5926
    +entryCommentCount: 65073
    +postCount: 25
    +postCommentCount: 152
    +isAdult: false
    +customCss: null
    +lastActive: DateTime @1729583092 {#320
      date: 2024-10-22 09:44:52.0 +02:00
    }
    +markedForDeletionAt: null
    +tags: null
    +moderators: Doctrine\ORM\PersistentCollection {#284 …}
    +ownershipRequests: Doctrine\ORM\PersistentCollection {#280 …}
    +moderatorRequests: Doctrine\ORM\PersistentCollection {#269 …}
    +entries: Doctrine\ORM\PersistentCollection {#227 …}
    +posts: Doctrine\ORM\PersistentCollection {#185 …}
    +subscriptions: Doctrine\ORM\PersistentCollection {#247 …}
    +bans: Doctrine\ORM\PersistentCollection {#164 …}
    +reports: Doctrine\ORM\PersistentCollection {#150 …}
    +badges: Doctrine\ORM\PersistentCollection {#128 …}
    +logs: Doctrine\ORM\PersistentCollection {#118 …}
    +awards: Doctrine\ORM\PersistentCollection {#107 …}
    +categories: Doctrine\ORM\PersistentCollection {#94 …}
    -id: 38
    +apId: "memes@lemmy.ml"
    +apProfileId: "https://lemmy.ml/c/memes"
    +apPublicUrl: "https://lemmy.ml/c/memes"
    +apFollowersUrl: "https://lemmy.ml/c/memes/followers"
    +apInboxUrl: "https://lemmy.ml/inbox"
    +apDomain: "lemmy.ml"
    +apPreferredUsername: "memes"
    +apDiscoverable: true
    +apManuallyApprovesFollowers: null
    +privateKey: null
    +publicKey: null
    +apFetchedAt: DateTime @1728572889 {#321
      date: 2024-10-10 17:08:09.0 +02:00
    }
    +apDeletedAt: null
    +apTimeoutAt: null
    +visibility: "visible             "
    +createdAt: DateTimeImmutable @1696428223 {#315
      date: 2023-10-04 16:03:43.0 +02:00
    }
  }
  +image: null
  +parent: Proxies\__CG__\App\Entity\EntryComment {#2353 …}
  +root: Proxies\__CG__\App\Entity\EntryComment {#2451 …}
  +body: """
    From the very source you linked–which isn’t even a good source to begin with since very little of the actual responses there use their cited sources correctly, often quoting shit out of context or misinterpreting the source material:\n
    \n
    > The “out of nothing” aspect of your question is more complex. In my personal view, and I guess that’s only an opinion, is that because banks are government regulated and insured institutions, forced to back each loan with reserves, and regulated to have capital for each of those loans, they cannot really be said to make this private money out of nothing.\n
    \n
    But again, that’s just one user’s response. Not a credible source. So here:\n
    \n
    > **Creating money**\n
    \n
    > Banks also create money. They do this because they must hold on reserve, and not lend out, some portion of their deposits—either in cash or in securities that can be quickly converted to cash. The amount of those reserves depends both on the bank’s assessment of its depositors’ need for cash and on the requirements of bank regulators, typically the central bank—a government institution that is at the center of a country’s monetary and banking system. Banks keep those required reserves on deposit with central banks, such as the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank. Banks create money when they lend the rest of the money depositors give them. This money can be used to purchase goods and services and can find its way back into the banking system as a deposit in another bank, which then can lend a fraction of it. The process of relending can repeat itself a number of times in a phenomenon called the multiplier effect. The size of the multiplier—the amount of money created from an initial deposit—depends on the amount of money banks must keep on reserve.\n
    \n
    > Banks also lend and recycle excess money within the financial system and create, distribute, and trade securities.\n
    \n
    > Banks have several ways of making money besides pocketing the difference (or spread) between the interest they pay on deposits and borrowed money and the interest they collect from borrowers or securities they hold. They can earn money from\n
    \n
    > •income from securities they trade; and\n
    \n
    > •fees for customer services, such as checking accounts, financial and investment banking, loan servicing, and the origination, distribution, and sale of other financial products, such as insurance and mutual funds.\n
    \n
    > Banks earn on average between 1 and 2 percent of their assets (loans and securities). This is commonly referred to as a bank’s return on assets.\n
    \n
    [www.imf.org/external/pubs/ft/fandd/…/basics.htm](https://www.imf.org/external/pubs/ft/fandd/2012/03/basics.htm)\n
    \n
    Which is a more detailed explanation of what I originally said. Yes, they create money. But it’s coming from somewhere and backed by something and not just magically imagined.\n
    \n
    In the US, the Fed *can* just print money, and they have numerous times. But that’s because they’re legally allowed to. Banks don’t have the authority to straight up print new cash without something backing it up (e.g. reserves, assets, securities, transactions, etc.)
    """
  +lang: "en"
  +isAdult: false
  +favouriteCount: 5
  +score: 0
  +lastActive: DateTime @1703389080 {#1769
    date: 2023-12-24 04:38:00.0 +01:00
  }
  +ip: null
  +tags: null
  +mentions: [
    "@Grayox@lemmy.ml"
    "@TrickDacy@lemmy.world"
    "@9488fcea02a9@sh.itjust.works"
    "@Yondoza@sh.itjust.works"
    "@bassomitron@lemmy.world"
  ]
  +children: Doctrine\ORM\PersistentCollection {#2476 …}
  +nested: Doctrine\ORM\PersistentCollection {#2355 …}
  +votes: Doctrine\ORM\PersistentCollection {#2428 …}
  +reports: Doctrine\ORM\PersistentCollection {#2436 …}
  +favourites: Doctrine\ORM\PersistentCollection {#2473 …}
  +notifications: Doctrine\ORM\PersistentCollection {#1359 …}
  -id: 247733
  -bodyTs: "'/basics.htm':439 '/external/pubs/ft/fandd/':438 '/external/pubs/ft/fandd/2012/03/basics.htm)':442 '1':414 '2':416 'account':386 'actual':22 'allow':494 'also':122,318 'amount':157,298,309 'anoth':264 'aspect':45 'assess':167 'asset':420,435,515 'author':501 'averag':412 'back':76,255,465,510 'bank':67,121,165,179,184,199,201,210,218,225,226,258,265,312,317,334,390,409,431,496 'begin':15 'besid':341 'borrow':355,363 'call':288 'cannot':92 'capit':85 'cash':145,155,173,507 'center':192 'central':183,209,224 'check':385 'cite':27 'collect':361 'come':461 'common':426 'complex':51 'context':35 'convert':153 'correct':29 'countri':195 'creat':119,123,227,301,329,456 'credibl':115 'custom':381 'depend':161,306 'deposit':142,207,262,305,353 'depositor':170,237 'detail':447 'differ':344 'distribut':330,396 'e.g':513 'earn':370,410 'effect':291 'either':143 'etc':518 'european':223 'even':10 'excess':322 'explan':448 'fed':477 'feder':215 'fee':379 'financi':326,387,401 'find':252 'forc':74 'fraction':271 'fund':408 'give':238 'good':12,247 'govern':69,186 'guess':58 'hold':131,367 'imagin':472 'incom':373 'initi':304 'institut':73,187 'insur':72,405 'interest':349,359 'invest':389 'isn':8 'japan':220 'keep':202,314 'legal':493 'lend':136,231,269,319 'link':6 'littl':19 'loan':78,90,391,421 'magic':471 'make':97,339 'materi':40 'misinterpret':37 'monetari':197 'money':100,120,124,228,236,241,300,311,323,340,356,371,457,481 'multipli':290,296 'must':130,313 'mutual':407 'need':171 'new':506 'noth':44,103 'number':282 'numer':485 'often':30 'one':109 'opinion':63 'origin':395,452 'pay':351 'percent':417 'person':54 'phenomenon':287 'pocket':342 'portion':139 'print':480,505 'privat':99 'process':275 'product':402 'purchas':246 'question':48 'quick':152 'quot':31 're':492 'realli':93 'recycl':321 'refer':427 'regul':70,82,180 'relend':277 'repeat':279 'requir':177,204 'reserv':80,133,160,205,216,316,514 'respons':23,112 'rest':233 'return':433 'said':95,453 'sale':398 'secur':148,333,365,375,423,516 'servic':249,382,392 'sever':336 'shit':32 'sinc':17 'size':293 'someth':467,509 'somewher':463 'sourc':4,13,28,39,116 'spread':346 'straight':503 'system':200,259,327 'time':284,486 'trade':332,377 'transact':517 'typic':181 'u.s':214 'us':475 'use':25,244 'user':110 'view':55 'way':254,337 'within':324 'without':508 'www.imf.org':437,441 'www.imf.org/external/pubs/ft/fandd/':436 'www.imf.org/external/pubs/ft/fandd/2012/03/basics.htm)':440 'yes':454"
  +ranking: 0
  +commentCount: 0
  +upVotes: 0
  +downVotes: 0
  +visibility: "visible             "
  +apId: "https://lemmy.world/comment/6216653"
  +editedAt: DateTimeImmutable @1707266854 {#1969
    date: 2024-02-07 01:47:34.0 +01:00
  }
  +createdAt: DateTimeImmutable @1703389080 {#1399
    date: 2023-12-24 04:38:00.0 +01:00
  }
}
"Scheb\TwoFactorBundle\Security\Authorization\Voter\TwoFactorInProgressVoter"
ACCESS ABSTAIN
"App\Security\Voter\EntryCommentVoter"
ACCESS DENIED
"App\Security\Voter\EntryVoter"
ACCESS ABSTAIN
"App\Security\Voter\MagazineVoter"
ACCESS ABSTAIN
"App\Security\Voter\MessageThreadVoter"
ACCESS ABSTAIN
"App\Security\Voter\MessageVoter"
ACCESS ABSTAIN
"App\Security\Voter\NotificationVoter"
ACCESS ABSTAIN
"App\Security\Voter\OAuth2UserConsentVoter"
ACCESS ABSTAIN
"App\Security\Voter\PostCommentVoter"
ACCESS ABSTAIN
"App\Security\Voter\PostVoter"
ACCESS ABSTAIN
"App\Security\Voter\UserVoter"
ACCESS ABSTAIN
Show voter details
3 DENIED edit
App\Entity\EntryComment {#1378
  +user: Proxies\__CG__\App\Entity\User {#1371 …}
  +entry: App\Entity\Entry {#1856 …}
  +magazine: App\Entity\Magazine {#312
    +icon: Proxies\__CG__\App\Entity\Image {#293 …}
    +name: "memes@lemmy.ml"
    +title: "memes"
    +description: """
      #### Rules:\n
      \n
      1. Be civil and nice.\n
      2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you *have* to.
      """
    +rules: null
    +subscriptionsCount: 1
    +entryCount: 5926
    +entryCommentCount: 65073
    +postCount: 25
    +postCommentCount: 152
    +isAdult: false
    +customCss: null
    +lastActive: DateTime @1729583092 {#320
      date: 2024-10-22 09:44:52.0 +02:00
    }
    +markedForDeletionAt: null
    +tags: null
    +moderators: Doctrine\ORM\PersistentCollection {#284 …}
    +ownershipRequests: Doctrine\ORM\PersistentCollection {#280 …}
    +moderatorRequests: Doctrine\ORM\PersistentCollection {#269 …}
    +entries: Doctrine\ORM\PersistentCollection {#227 …}
    +posts: Doctrine\ORM\PersistentCollection {#185 …}
    +subscriptions: Doctrine\ORM\PersistentCollection {#247 …}
    +bans: Doctrine\ORM\PersistentCollection {#164 …}
    +reports: Doctrine\ORM\PersistentCollection {#150 …}
    +badges: Doctrine\ORM\PersistentCollection {#128 …}
    +logs: Doctrine\ORM\PersistentCollection {#118 …}
    +awards: Doctrine\ORM\PersistentCollection {#107 …}
    +categories: Doctrine\ORM\PersistentCollection {#94 …}
    -id: 38
    +apId: "memes@lemmy.ml"
    +apProfileId: "https://lemmy.ml/c/memes"
    +apPublicUrl: "https://lemmy.ml/c/memes"
    +apFollowersUrl: "https://lemmy.ml/c/memes/followers"
    +apInboxUrl: "https://lemmy.ml/inbox"
    +apDomain: "lemmy.ml"
    +apPreferredUsername: "memes"
    +apDiscoverable: true
    +apManuallyApprovesFollowers: null
    +privateKey: null
    +publicKey: null
    +apFetchedAt: DateTime @1728572889 {#321
      date: 2024-10-10 17:08:09.0 +02:00
    }
    +apDeletedAt: null
    +apTimeoutAt: null
    +visibility: "visible             "
    +createdAt: DateTimeImmutable @1696428223 {#315
      date: 2023-10-04 16:03:43.0 +02:00
    }
  }
  +image: null
  +parent: Proxies\__CG__\App\Entity\EntryComment {#2353 …}
  +root: Proxies\__CG__\App\Entity\EntryComment {#2451 …}
  +body: """
    From the very source you linked–which isn’t even a good source to begin with since very little of the actual responses there use their cited sources correctly, often quoting shit out of context or misinterpreting the source material:\n
    \n
    > The “out of nothing” aspect of your question is more complex. In my personal view, and I guess that’s only an opinion, is that because banks are government regulated and insured institutions, forced to back each loan with reserves, and regulated to have capital for each of those loans, they cannot really be said to make this private money out of nothing.\n
    \n
    But again, that’s just one user’s response. Not a credible source. So here:\n
    \n
    > **Creating money**\n
    \n
    > Banks also create money. They do this because they must hold on reserve, and not lend out, some portion of their deposits—either in cash or in securities that can be quickly converted to cash. The amount of those reserves depends both on the bank’s assessment of its depositors’ need for cash and on the requirements of bank regulators, typically the central bank—a government institution that is at the center of a country’s monetary and banking system. Banks keep those required reserves on deposit with central banks, such as the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank. Banks create money when they lend the rest of the money depositors give them. This money can be used to purchase goods and services and can find its way back into the banking system as a deposit in another bank, which then can lend a fraction of it. The process of relending can repeat itself a number of times in a phenomenon called the multiplier effect. The size of the multiplier—the amount of money created from an initial deposit—depends on the amount of money banks must keep on reserve.\n
    \n
    > Banks also lend and recycle excess money within the financial system and create, distribute, and trade securities.\n
    \n
    > Banks have several ways of making money besides pocketing the difference (or spread) between the interest they pay on deposits and borrowed money and the interest they collect from borrowers or securities they hold. They can earn money from\n
    \n
    > •income from securities they trade; and\n
    \n
    > •fees for customer services, such as checking accounts, financial and investment banking, loan servicing, and the origination, distribution, and sale of other financial products, such as insurance and mutual funds.\n
    \n
    > Banks earn on average between 1 and 2 percent of their assets (loans and securities). This is commonly referred to as a bank’s return on assets.\n
    \n
    [www.imf.org/external/pubs/ft/fandd/…/basics.htm](https://www.imf.org/external/pubs/ft/fandd/2012/03/basics.htm)\n
    \n
    Which is a more detailed explanation of what I originally said. Yes, they create money. But it’s coming from somewhere and backed by something and not just magically imagined.\n
    \n
    In the US, the Fed *can* just print money, and they have numerous times. But that’s because they’re legally allowed to. Banks don’t have the authority to straight up print new cash without something backing it up (e.g. reserves, assets, securities, transactions, etc.)
    """
  +lang: "en"
  +isAdult: false
  +favouriteCount: 5
  +score: 0
  +lastActive: DateTime @1703389080 {#1769
    date: 2023-12-24 04:38:00.0 +01:00
  }
  +ip: null
  +tags: null
  +mentions: [
    "@Grayox@lemmy.ml"
    "@TrickDacy@lemmy.world"
    "@9488fcea02a9@sh.itjust.works"
    "@Yondoza@sh.itjust.works"
    "@bassomitron@lemmy.world"
  ]
  +children: Doctrine\ORM\PersistentCollection {#2476 …}
  +nested: Doctrine\ORM\PersistentCollection {#2355 …}
  +votes: Doctrine\ORM\PersistentCollection {#2428 …}
  +reports: Doctrine\ORM\PersistentCollection {#2436 …}
  +favourites: Doctrine\ORM\PersistentCollection {#2473 …}
  +notifications: Doctrine\ORM\PersistentCollection {#1359 …}
  -id: 247733
  -bodyTs: "'/basics.htm':439 '/external/pubs/ft/fandd/':438 '/external/pubs/ft/fandd/2012/03/basics.htm)':442 '1':414 '2':416 'account':386 'actual':22 'allow':494 'also':122,318 'amount':157,298,309 'anoth':264 'aspect':45 'assess':167 'asset':420,435,515 'author':501 'averag':412 'back':76,255,465,510 'bank':67,121,165,179,184,199,201,210,218,225,226,258,265,312,317,334,390,409,431,496 'begin':15 'besid':341 'borrow':355,363 'call':288 'cannot':92 'capit':85 'cash':145,155,173,507 'center':192 'central':183,209,224 'check':385 'cite':27 'collect':361 'come':461 'common':426 'complex':51 'context':35 'convert':153 'correct':29 'countri':195 'creat':119,123,227,301,329,456 'credibl':115 'custom':381 'depend':161,306 'deposit':142,207,262,305,353 'depositor':170,237 'detail':447 'differ':344 'distribut':330,396 'e.g':513 'earn':370,410 'effect':291 'either':143 'etc':518 'european':223 'even':10 'excess':322 'explan':448 'fed':477 'feder':215 'fee':379 'financi':326,387,401 'find':252 'forc':74 'fraction':271 'fund':408 'give':238 'good':12,247 'govern':69,186 'guess':58 'hold':131,367 'imagin':472 'incom':373 'initi':304 'institut':73,187 'insur':72,405 'interest':349,359 'invest':389 'isn':8 'japan':220 'keep':202,314 'legal':493 'lend':136,231,269,319 'link':6 'littl':19 'loan':78,90,391,421 'magic':471 'make':97,339 'materi':40 'misinterpret':37 'monetari':197 'money':100,120,124,228,236,241,300,311,323,340,356,371,457,481 'multipli':290,296 'must':130,313 'mutual':407 'need':171 'new':506 'noth':44,103 'number':282 'numer':485 'often':30 'one':109 'opinion':63 'origin':395,452 'pay':351 'percent':417 'person':54 'phenomenon':287 'pocket':342 'portion':139 'print':480,505 'privat':99 'process':275 'product':402 'purchas':246 'question':48 'quick':152 'quot':31 're':492 'realli':93 'recycl':321 'refer':427 'regul':70,82,180 'relend':277 'repeat':279 'requir':177,204 'reserv':80,133,160,205,216,316,514 'respons':23,112 'rest':233 'return':433 'said':95,453 'sale':398 'secur':148,333,365,375,423,516 'servic':249,382,392 'sever':336 'shit':32 'sinc':17 'size':293 'someth':467,509 'somewher':463 'sourc':4,13,28,39,116 'spread':346 'straight':503 'system':200,259,327 'time':284,486 'trade':332,377 'transact':517 'typic':181 'u.s':214 'us':475 'use':25,244 'user':110 'view':55 'way':254,337 'within':324 'without':508 'www.imf.org':437,441 'www.imf.org/external/pubs/ft/fandd/':436 'www.imf.org/external/pubs/ft/fandd/2012/03/basics.htm)':440 'yes':454"
  +ranking: 0
  +commentCount: 0
  +upVotes: 0
  +downVotes: 0
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Show voter details
4 DENIED moderate
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      #### Rules:\n
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      2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you *have* to.
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  +body: """
    From the very source you linked–which isn’t even a good source to begin with since very little of the actual responses there use their cited sources correctly, often quoting shit out of context or misinterpreting the source material:\n
    \n
    > The “out of nothing” aspect of your question is more complex. In my personal view, and I guess that’s only an opinion, is that because banks are government regulated and insured institutions, forced to back each loan with reserves, and regulated to have capital for each of those loans, they cannot really be said to make this private money out of nothing.\n
    \n
    But again, that’s just one user’s response. Not a credible source. So here:\n
    \n
    > **Creating money**\n
    \n
    > Banks also create money. They do this because they must hold on reserve, and not lend out, some portion of their deposits—either in cash or in securities that can be quickly converted to cash. The amount of those reserves depends both on the bank’s assessment of its depositors’ need for cash and on the requirements of bank regulators, typically the central bank—a government institution that is at the center of a country’s monetary and banking system. Banks keep those required reserves on deposit with central banks, such as the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank. Banks create money when they lend the rest of the money depositors give them. This money can be used to purchase goods and services and can find its way back into the banking system as a deposit in another bank, which then can lend a fraction of it. The process of relending can repeat itself a number of times in a phenomenon called the multiplier effect. The size of the multiplier—the amount of money created from an initial deposit—depends on the amount of money banks must keep on reserve.\n
    \n
    > Banks also lend and recycle excess money within the financial system and create, distribute, and trade securities.\n
    \n
    > Banks have several ways of making money besides pocketing the difference (or spread) between the interest they pay on deposits and borrowed money and the interest they collect from borrowers or securities they hold. They can earn money from\n
    \n
    > •income from securities they trade; and\n
    \n
    > •fees for customer services, such as checking accounts, financial and investment banking, loan servicing, and the origination, distribution, and sale of other financial products, such as insurance and mutual funds.\n
    \n
    > Banks earn on average between 1 and 2 percent of their assets (loans and securities). This is commonly referred to as a bank’s return on assets.\n
    \n
    [www.imf.org/external/pubs/ft/fandd/…/basics.htm](https://www.imf.org/external/pubs/ft/fandd/2012/03/basics.htm)\n
    \n
    Which is a more detailed explanation of what I originally said. Yes, they create money. But it’s coming from somewhere and backed by something and not just magically imagined.\n
    \n
    In the US, the Fed *can* just print money, and they have numerous times. But that’s because they’re legally allowed to. Banks don’t have the authority to straight up print new cash without something backing it up (e.g. reserves, assets, securities, transactions, etc.)
    """
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Show voter details
5 DENIED edit
App\Entity\Magazine {#312
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    #### Rules:\n
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"App\Security\Voter\MessageThreadVoter"
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ACCESS ABSTAIN
"App\Security\Voter\UserVoter"
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Show voter details