Most of the currency "printing" we see is not only by the central banks, it is by the retail banks and credit companies...likely more so.

Credit, at its core, is intimately linked to bank reserves. When a bank extends credit, it's essentially creating new money. Here's how it works: Banks hold a fraction of their deposits as reserves, mandated by central banks. These reserves act as a foundation for lending. When a bank approves a loan, it doesn't transfer existing deposits; instead, it creates a new deposit in the borrower's account, increasing the overall money supply. 

This credit creation process fuels economic activity and growth but also carries risks, as excessive lending can lead to inflation or financial instability. Understanding this connection between credit and bank reserves is crucial for comprehending the intricacies of modern monetary systems and their impact on economies.

Americans need their "stuff" and want to pay for it by borrowing.