Varven@lemmy.world to Memes@lemmy.ml · 9 months agothe debtlemmy.worldimagemessage-square80fedilinkarrow-up1785arrow-down164
arrow-up1721arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 9 months agomessage-square80fedilink
minus-squareVarven@lemmy.worldOPlinkfedilinkarrow-up7arrow-down3·9 months agoWait a bank is a Ponzi scheme
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up9·9 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up7·9 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.