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Their whole business is lending other people's deposits. For the most part they have no money of their own. They use your money lend and speculate with.
by daneel_w 3y ago
Their whole business is lending other people's deposits. For the most part they have no money of their own. They use your money lend and speculate with.
- have_faith 3y agoBanks don’t lend money in their reserves, they create new money. The various sibling conversations go into more detail.