A private Banks Businessmodel in one sentence

It reads like this: “If a bank gives you a loan, it is charging you interest on money, that the bank never possessed in the first place.” (a private bank can borrow 10$ from the FED or 10€ from the ECB of “real cash money” and lend out 90$ / 90€ in “artificial loan / … Continue reading A private Banks Businessmodel in one sentence