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4 Answers
- matt hLv 49 years agoFavourite answer
Yes,
Our money = debt
There is no way to pay interest on every dollar ever created
- Anonymous9 years ago
It is going like gambling. It is called the Ponzi scheme because without the bank loans, the bubble cannot grow and burst. And it is legalized to do that. Now we are coming back to the banking regulation once again.But it is not gonna work that long.Because without liquidity, it will not be growth.I'm sure,it is not the greatest.
- Anonymous9 years ago
No. Banks are regulated to a fault and do not require ever more customers to pay out the old ones. That is the way Ponzi schemes work. What makes banks fail is when governments cause a loss of faith in the banks and many of their depositors try to take their money out at the same time or else when the government creates a bubble in a business sector through wrong-headed regulations and then the bubble inevitably collapses leaving many of the banks borrowers unable to repay.
