Learning how the fractional reserve baking system works, and understanding that there is literally not enough money to go around to pay off all the debt and interest was mind blowing. 🤯

I remember hearing about it in 2008 and immediately thinking: this sounds like complete bullshit, but I've heard thay banks do lend out people's deposits and that's why we can have bank runs... so how does it actually work?

Turns out, yeah, that crazy story about repeatedly increasing the money supply by lending out money that doesn't belong to them... it's true. 😱🫣