In this short video the 3 Stooges demonstrate exactly how fractional reserve banking works, and why it’s ludicrous 😂

Today the reserve rate isn’t $10 for $60, it’s $0 for infinite dollars.

That’s why we say all money is CREDIT.

#Bitcoin  fixes this.

https://nostr.build/av/nostr.build_027e9291e46e265c64b4c501f75f231d11a7cd14a35382f2a2cb241fa144f620.mov