▲ 997 ▼ the debt (lemmy.world) submitted 2 years ago by Varven@lemmy.world to c/memes@lemmy.ml 163 comments fedilink hide all child comments
[–] Varven@lemmy.world [S] 7 points 2 years ago (1 child) Wait a bank is a Ponzi scheme permalink fedilink source parent hideshow 2 child comments replies: [–] confusedbytheBasics@lemmy.world 11 points 2 years ago (1 child) Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn't care about the differences permalink fedilink source parent hideshow 2 child comments replies: [–] blazera@lemmy.world 1 point 2 years ago (2 children) Which is? permalink fedilink source parent hideshow 4 child comments replies: [–] confusedbytheBasics@lemmy.world 14 points 2 years ago 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. permalink fedilink source parent [+] SexualPolytope@lemmy.sdf.org -6 points 2 years ago Bank is legal because... reasons... permalink fedilink source parent
[–] confusedbytheBasics@lemmy.world 11 points 2 years ago (1 child) Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn't care about the differences permalink fedilink source parent hideshow 2 child comments replies: [–] blazera@lemmy.world 1 point 2 years ago (2 children) Which is? permalink fedilink source parent hideshow 4 child comments replies: [–] confusedbytheBasics@lemmy.world 14 points 2 years ago 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. permalink fedilink source parent [+] SexualPolytope@lemmy.sdf.org -6 points 2 years ago Bank is legal because... reasons... permalink fedilink source parent
[–] blazera@lemmy.world 1 point 2 years ago (2 children) Which is? permalink fedilink source parent hideshow 4 child comments replies: [–] confusedbytheBasics@lemmy.world 14 points 2 years ago 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. permalink fedilink source parent [+] SexualPolytope@lemmy.sdf.org -6 points 2 years ago Bank is legal because... reasons... permalink fedilink source parent
[–] confusedbytheBasics@lemmy.world 14 points 2 years ago 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. permalink fedilink source parent
[+] SexualPolytope@lemmy.sdf.org -6 points 2 years ago Bank is legal because... reasons... permalink fedilink source parent
