Tomsabb on Nostr: In fractional reserve banking, privatizing the profits and socializing the losses is ...
In fractional reserve banking, privatizing the profits and socializing the losses is the norm. If you lend your money to a bank, your money is their liability only on paper. In reality it has been converted to debt many times over and it has been treated as a bank's assets. This is Ponzi 100%!!
The only reason banks can exist is that not even 10% of depositors don't withdraw their funds simultaneously.
They will have all the money on paper in your ledger but nothing to give you as real money.
Published at
2026-03-13 03:06:38 UTCEvent JSON
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"content": "In fractional reserve banking, privatizing the profits and socializing the losses is the norm. If you lend your money to a bank, your money is their liability only on paper. In reality it has been converted to debt many times over and it has been treated as a bank's assets. This is Ponzi 100%!!\nThe only reason banks can exist is that not even 10% of depositors don't withdraw their funds simultaneously. \nThey will have all the money on paper in your ledger but nothing to give you as real money.\n",
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