Varven@lemmy.world to Memes@lemmy.ml · 1 month agothe debtlemmy.worldimagemessage-square154fedilinkarrow-up11.08Karrow-down193
arrow-up1984arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 1 month agomessage-square154fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up12·1 month agoLota 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.
minus-squareѕєχυαℓ ρσℓутσρє@lemmy.sdf.orglinkfedilinkarrow-up6arrow-down12·1 month agoBank is legal because… reasons…
Which is?
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.
Bank is legal because… reasons…