return2ozma@lemmy.world to News@lemmy.world · 3 days agoTwo-Thirds of Consumers Say They Need Their Next Paycheck to Pay the Billswww.pymnts.comexternal-linkmessage-square34fedilinkarrow-up1256arrow-down15
arrow-up1251arrow-down1external-linkTwo-Thirds of Consumers Say They Need Their Next Paycheck to Pay the Billswww.pymnts.comreturn2ozma@lemmy.world to News@lemmy.world · 3 days agomessage-square34fedilink
minus-squareGenerationII@lemm.eelinkfedilinkEnglisharrow-up4·edit-22 days agoThe interest does not come from lending the money. Heck, the DEBT doesn’t even come from lending the money. Banks can basically create money to loan with out of thin air thanks to fractional reserve banking.
The interest does not come from lending the money. Heck, the DEBT doesn’t even come from lending the money. Banks can basically create money to loan with out of thin air thanks to fractional reserve banking.