Varven@lemmy.world to Memes@lemmy.ml · 3 months agothe debtlemmy.worldimagemessage-square122fedilinkarrow-up1966arrow-down183
arrow-up1883arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 3 months agomessage-square122fedilink
minus-squareconfusedbytheBasics@lemmy.worldlinkfedilinkEnglisharrow-up13·3 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-up5arrow-down12·3 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…