When you deposit money in your Bank they can lend them to someone else, up even to 90% making profit from it.
The person that borrowed money now has money in his bank account, and imagine is a different bank, 90% of those money can be lend to someone else.. and so on.
Banks have obligation to maintain just a fraction of the money you put in your bank account. It's a huge rabbit hole when you understand there's no money in First place, it's all debt.
There's no money? !
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We have the only real money.. ⚡
I know we do brother. 💪⚡💜 I will always accept only Sats. 🫡
..why would any one keep fiat ? Do you :-) ..
they instead have interest bearing assets .. like any of us .. either in private loans or in treasury bills ..and hopefully soon in #bitcoin ..