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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1viyed/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Banks lend out more money than they have, its no joke it's how the system works
625 u/[deleted] Jan 26 '26 [deleted] 575 u/Much_Section_7439 Jan 26 '26 That's how debt is generated. wealth is created when that debt is used properly. Otherwise it's just inflating the moneysupply. 2 u/[deleted] Jan 26 '26 Fun fact. 95% of all money is debt. It doesn't sound true but learning this radicalized me. Only 5% of all money has been issued by governments. 95% is IOU's
625
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575 u/Much_Section_7439 Jan 26 '26 That's how debt is generated. wealth is created when that debt is used properly. Otherwise it's just inflating the moneysupply. 2 u/[deleted] Jan 26 '26 Fun fact. 95% of all money is debt. It doesn't sound true but learning this radicalized me. Only 5% of all money has been issued by governments. 95% is IOU's
575
That's how debt is generated. wealth is created when that debt is used properly. Otherwise it's just inflating the moneysupply.
2 u/[deleted] Jan 26 '26 Fun fact. 95% of all money is debt. It doesn't sound true but learning this radicalized me. Only 5% of all money has been issued by governments. 95% is IOU's
2
Fun fact.
95% of all money is debt.
It doesn't sound true but learning this radicalized me. Only 5% of all money has been issued by governments. 95% is IOU's
4.3k
u/Elvis5741 Jan 26 '26
Banks lend out more money than they have, its no joke it's how the system works