4 ms·

Im sure your familiar with how banks get the money they loan out to people (Hint it has nothing to do with deposits). There is nothing capitalist about that sys

• rectang 8y ago
  That's a confusing response. Are you advocating for government bailouts for chaebols and US banks?
  • petermcneeley 8y ago
    Of course not! But im saying even without bailouts the banking system already is a collusion with government. Private banks take loans of money from the central bank at very low rates then add 2+% on top and provide those loans to consumers.
    • fh973 8y ago
      Not exactly, the reality will sound even more annoying to you: banks don't need even need to get a central bank loan for most dollars they loan to customers. Only a fraction needs to be covered by central bank money.