Their whole business is lending other people's deposits. For the most part they ... | Hacker News

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		daneel_w on Aug 6, 2023 \| parent \| context \| favorite \| on: China's Zombie Economy Their whole business is lending other people's deposits. For the most part they have no money of their own. They use your money lend and speculate with.

have_faith on Aug 7, 2023 [–]

Banks don’t lend money in their reserves, they create new money. The various sibling conversations go into more detail.

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