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Joe-

You know most money is created by commercial (private sector)

banks when they make loans, right?

#blockchain #cryptocurrency #english #link
0

7 ответов

22 просмотра
The Count of Monte Crypto-

What gives private banking the means to create loans?

0
11.04.2022
Joe- Автор вопроса
The Count of Monte Crypto
What gives private banking the means to create loa...

Not the Fed, look at any modern country, e.g. Switzerland

0
11.04.2022
Scoville-G
The Count of Monte Crypto
What gives private banking the means to create loa...

Capital. Usually 10x. Ie my friend works at a bank. If I deposit 100,000 they can LOAN out 1 million dollars. Do they have a million? No they don’t. They’re figuring th y can make it back with the interest on the million loan and giving you Pennie’s for your interest rate to hold it there. Lemme find this succinct video buddy

0
11.04.2022
Joe- Автор вопроса
Scoville G
Capital. Usually 10x. Ie my friend works at a bank...

Bingo, thank you for the corroboration.

0
11.04.2022
The Count of Monte Crypto-
Scoville G
Capital. Usually 10x. Ie my friend works at a bank...

What gives the bank the ability to loan out your money at 10x?

0
11.04.2022
Scoville-G
The Count of Monte Crypto
What gives the bank the ability to loan out your m...

If they can get 10% interest it pays for itself over time?

0
11.04.2022

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