When you deposit money in your Bank they can lend them to someone else, up even to 90% making profit from it.
The person that borrowed money now has money in his bank account, and imagine is a different bank, 90% of those money can be lend to someone else.. and so on.
Banks have obligation to maintain just a fraction of the money you put in your bank account. It's a huge rabbit hole when you understand there's no money in First place, it's all debt.
IntuitiveGuy☯️
npub13p…j06vw
2025-02-12 02:00:02
in reply to nevent1q…zzjd
Author Public Key
npub13pnmakf738yn6rv2ex9jgs7924renmderyp5d9rtztsr7ymxg3gqej06vwPublished at
2025-02-12 02:00:02Event JSON
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"content": "When you deposit money in your Bank they can lend them to someone else, up even to 90% making profit from it.\nThe person that borrowed money now has money in his bank account, and imagine is a different bank, 90% of those money can be lend to someone else.. and so on.\n\nBanks have obligation to maintain just a fraction of the money you put in your bank account. It's a huge rabbit hole when you understand there's no money in First place, it's all debt.",
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