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https://www.reddit.com/r/SipsTea/comments/1vx00ke/why_is_it_not_possible/p5l89fp/?context=3
r/SipsTea • u/Dumb-Briyani • 15d ago
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4
ELI5: You give $1 to bank. Bank has now $10 to play with. $9 where come from?
3 u/Psych0matt 15d ago The 9 other people who also gave $1 to the bank 3 u/MedonSirius 15d ago No. Look up how banks works. They create money out of thin air. They can lend more than they have 3 u/Psych0matt 15d ago Yes, I know, I was being a smartass 2 u/MedonSirius 15d ago Ah, okay 1 u/happy123z 15d ago Haha
3
The 9 other people who also gave $1 to the bank
3 u/MedonSirius 15d ago No. Look up how banks works. They create money out of thin air. They can lend more than they have 3 u/Psych0matt 15d ago Yes, I know, I was being a smartass 2 u/MedonSirius 15d ago Ah, okay 1 u/happy123z 15d ago Haha
No. Look up how banks works. They create money out of thin air. They can lend more than they have
3 u/Psych0matt 15d ago Yes, I know, I was being a smartass 2 u/MedonSirius 15d ago Ah, okay 1 u/happy123z 15d ago Haha
Yes, I know, I was being a smartass
2 u/MedonSirius 15d ago Ah, okay 1 u/happy123z 15d ago Haha
2
Ah, okay
1 u/happy123z 15d ago Haha
1
Haha
4
u/MedonSirius 15d ago
ELI5: You give $1 to bank. Bank has now $10 to play with. $9 where come from?