Why couldn't a tech savvy private individual just create money?

[Mack Knife]

This is already being done. The people doing it get caught, they go to prison.

There is far more effort required to do what you're talking about than stealing it the old fashioned way.

Just because something involved the use of technology doesn't mean it costs less or is easier to do. Often it is harder to do if you are bankrolling the project yourself.

So you figure out a way to manipulate data to put money into your accounts. You are one person and there the tens if not hundred of thousands of people that within their small scope of work, look at details that could uncover the effort. They aren't looking for something like you're talking about, they look at small details. Layers above them someone is piecing those details together looking for patterns. Above that, people are looking at the patterns and checking for fraud. Then your name pops up, or the account number does. It all takes time but that is time these people have because it is only a small part of so many individual jobs.

You might get it done but you see, things don't stop there. While you might have gotten the money, the process that will eventually discover what you did continues, droning on until someone zeros in on specifically, you. Then it is just a matter of finding you. Another process takes care of that. If you get past some statute of limitations you are home free, but most likely you'll do it again. You get caught and then another process starts.

Or, someone decides you aren't worth the trouble and one day, as you drive along the coast, you need to stop and for some completely unrelated reason, your brakes fail and your car dives off the cliff.

[gwynedd1]

Originally Posted by Philip T

Sort of did this for a while.

Got so fed up with the Corporate Banks, I opened a Privately Held Trust Company.

We could issue our own credit, commercial paper, UCC, etc.

Actually worked better than "real" money.

Worked Great.

The real prostitutes are specie and coin. They have slept around with hundreds of representations of credit.

[ukrkoz]

What's new. Been known since old Meyer Rothschild times:

Mr. Rothchild's Energy Discovery

What Mr. Rothschild had discovered was the basic principle of power, influence, and control over people as applied to economics. That principle is "when you assume the appearance of power, people soon give it to you." Mr. Rothschild had discovered that currency or deposit loan accounts had the required appearance of power that could be used to induce people (inductance, with people corresponding to a magnetic field) into surrendering their real wealth in exchange for a promise of greater wealth (instead of real compensation). They would put up real collateral in exchange for a loan of promissory notes. Mr. Rothschild found that he could issue more notes than he had backing for, so long as he had someone's stock of gold as a persuader to show his customers.
Mr. Rothschild loaned his promissory notes to individual and to governments. These would create overconfidence. Then he would make money scarce, tighten control of the system, and collect the collateral through the obligation of contracts. The cycle was then repeated. These pressures could be used to ignite a war. Then he would control the availability of currency to determine who would win the war. That government which agreed to give him control of its economic system got his support.
Collection of debts was guaranteed by economic aid to the enemy of the debtor. The profit derived from this economic methodology made Mr. Rothschild all the more able to expand his wealth. He found that the public greed would allow currency to be printed by government order beyond the limits (inflation) of backing in precious metal or the production of goods and services.


Also known as financial pyramid. Thread starter is right - it's all fictitious money now. Just numbers on the screen or piece of paper you call receipt.

Things that make money out of basically nowhere do exist. Like say MMM.

[NJ Brazen_3133]

Is the question basically asking how to commit counterfeiting, computer financial fraud?