Varven@lemmy.world to Memes@lemmy.ml · 1 year agothe debtlemmy.worldimagemessage-square155fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 1 year agomessage-square155fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year 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-up0·1 year agoBank is legal because… reasons…
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year 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.
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.