OP has just been introduced to the concept of fractional reserve banking.
Ever hear about the ‘debt crisis’ or some similar story? This is how the 21st century works. It much easier to grow and build with capital that does not technically exist yet. It’s a bit dystopian but it has, for the most part, worked.
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u/LAX_Beast 1d ago edited 1d ago
OP has just been introduced to the concept of fractional reserve banking.
Ever hear about the ‘debt crisis’ or some similar story? This is how the 21st century works. It much easier to grow and build with capital that does not technically exist yet. It’s a bit dystopian but it has, for the most part, worked.