Varven@lemmy.world to Memes@lemmy.ml · 5 months agothe debtlemmy.worldimagemessage-square154fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 5 months agomessage-square154fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-squareѕєχυαℓ ρσℓутσρє@lemmy.sdf.orglinkfedilinkarrow-up0·5 months agoBank is legal because… reasons…
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoLota of differences but the key is: A ponzi scheme pays returns out of future investment. Fractional reserve lending pays returns from interest collected on investments.
Wait a bank is a Ponzi scheme
Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
Which is?
Bank is legal because… reasons…
Lota of differences but the key is: A ponzi scheme pays returns out of future investment. Fractional reserve lending pays returns from interest collected on investments.