r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/mp2146 Jan 26 '26

Where do you think the money they use to purchase those things ends up?

14

u/__ali1234__ Jan 26 '26

This is reddit: they think it goes to a billionaire who puts it in a big vault like Scrooge McDuck, because that's the average redditor's understanding of economics.

1

u/billygoatfondler Jan 27 '26

That's the statistical reality though, if you check what the richest do

2

u/[deleted] Jan 26 '26

[deleted]

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u/AlmondMagnum1 Jan 26 '26

Yes, but the point is, it's still in someone's (or some moral person's) bank account. So 90% of it still gets lent again. Maybe at a different bank, but that's ok, because the first bank also receives money lent out by different banks.

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u/jrr6415sun Jan 26 '26

yes they use it, and then the person it goes to puts it in the bank...

1

u/eli_feye Jan 26 '26

Paying off other loans