Re:China's Zombie Economy
by daneel_w on Sunday August 06, 2023 @02:22PM
(#37025005)
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.
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Re:China's Zombie Economy
by have_faith on Monday August 07, 2023 @03:43AM
(#37031501)
Banks don’t lend money in their reserves, they create new money. The various sibling conversations go into more detail.