Varven@lemmy.world to Memes@lemmy.ml · 11 months agothe debtlemmy.worldimagemessage-square35fedilinkarrow-up1636arrow-down149
arrow-up1587arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 11 months agomessage-square35fedilink
minus-squareVarven@lemmy.worldOPlinkfedilinkarrow-up5arrow-down2·11 months agoWait a bank is a Ponzi scheme
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up7·11 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up4·11 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.