@Varven@lemmy.world to Memes@lemmy.ml • 11 months agothe debtlemmy.worldimagemessage-square155fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imagethe debtlemmy.world@Varven@lemmy.world to Memes@lemmy.ml • 11 months agomessage-square155fedilink
minus-square@confusedbytheBasics@lemmy.worldlinkfedilinkEnglish0•11 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-square@confusedbytheBasics@lemmy.worldlinkfedilinkEnglish0•11 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?
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.
Bank is legal because… reasons…