Varven@lemmy.world to Memes@lemmy.ml · 4 months agothe debtlemmy.worldimagemessage-square46fedilinkarrow-up1380arrow-down132
arrow-up1348arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 4 months agomessage-square46fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up7·4 months 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-down6·4 months 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…