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The bank only has to have a very small percentage of the money they loan you. Most of it is created at the time of the loan.
by yellowbeard 9y ago
The bank only has to have a very small percentage of the money they loan you. Most of it is created at the time of the loan.
- teekert 9y agoExactly, the bank is not hurt from money devaluating when they don't have to do anything for it but create a dept in their books. Sure, what you will pay them will be less in 20 years but it more than the nothing they had before...