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Dr. Ricco Lindner
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Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "China's Worst Nightmare Comes True, Protests Everywhere, Mortgage Crisis, Full Breakdown" video.
15:50 NO, NO and NO again!! Banks dont lend out depositers money!! Its not like banking in this world works! Banks create the money for loans from nothing in the modern fiat system. There is no true Fractional Reserve Banking! Still banks do in trouble if they default on their loans. And assets might be liquidated. However, deposits of private savers can always be guarateed by the state, if its a clever one
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