69 Where were these teachers when I was in school? (twitter.com) posted 1 year ago by user20461 1 year ago by user20461 +69 / -0 30 comments share 30 comments share save hide report block hide replies
It's called fractional reserve banking and lending. The banks, from the Fed down, can loan out 9 or 10 times (can't remember the exact number) of money than they actually have. The banks can then earn interest on that fake money.
Yes, it's true.