That's because they don't have your money in your checking account. They let Bob borrow some for a personal loan , they let John borrow some for a home loan. So once your money goes into the bank it changes into " Digital currency" just numbers on a computer screen. If everyone went to the banks at the same time and ask for just 3% of their money the banks would crash, because they don't have your money. Bob spent it and has not paid it back yet or It will take John 30 years to pay his loan back.
Crazy right ?
You are viewing a single comment's thread from: