Grayox@lemmy.ml to Memes@lemmy.ml · 11 months agoRent is Robberylemmy.mlimagemessage-square150fedilinkarrow-up11.16K
arrow-up11.16KimageRent is Robberylemmy.mlGrayox@lemmy.ml to Memes@lemmy.ml · 11 months agomessage-square150fedilink
minus-squareGabu@lemmy.mllinkfedilinkarrow-up8·11 months agoYou should read about how banks work. Most of their “assets” don’t actually exist, they’re counting borrowed money as still being theirs.
minus-squareGabu@lemmy.mllinkfedilinkarrow-up8·11 months agoAny basic book on banking. When I say basic, I mean the sort you’d read to get an entry level job at one.
minus-squareWaxedWookie@lemmy.worldlinkfedilinkarrow-up5·11 months agoHere’s a push in the right direction for the cripplingly lazy.
minus-squarebdazman@lemmy.blahaj.zonelinkfedilinkarrow-up2·11 months agoLandlord stans havent read Smith after a 200 year head start, what makes you think they will read anything?
minus-squareWaxedWookie@lemmy.worldlinkfedilinkarrow-up2·11 months agoThis is less for the benefit of the willfully stupid than it is for bystanders that would be taken in by the unchallenged ignorance.
minus-squarespeaker_hatlinkfedilinkarrow-up1·11 months agohttps://www.investopedia.com/articles/investing/022416/why-banks-dont-need-your-money-make-loans.asp
You should read about how banks work. Most of their “assets” don’t actually exist, they’re counting borrowed money as still being theirs.
Source?
Any basic book on banking. When I say basic, I mean the sort you’d read to get an entry level job at one.
Here’s a push in the right direction for the cripplingly lazy.
Landlord stans havent read Smith after a 200 year head start, what makes you think they will read anything?
This is less for the benefit of the willfully stupid than it is for bystanders that would be taken in by the unchallenged ignorance.
Well put.
https://www.investopedia.com/articles/investing/022416/why-banks-dont-need-your-money-make-loans.asp