🏦 “Banks don't take deposits, and banks don't lend money. And there's rulings in English courts. What is actually a bank deposit? Well, that is to confuse people.

Vixen
12 Subscribers

218 Views· 14/08/25· How-to & Style

🏦 “Banks don't take deposits, and banks don't lend money. And there's rulings in English courts. What is actually a bank deposit? Well, that is to confuse people. At law, there's no such thing as a bank deposit. It's simply a loan. Well, hang on. “A deposit is a loan?” Yes, it's a loan we give to the bank.”

[World-renowned economist Richard Werner]

Show more

0 Comments


Up next