The Banking system

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borislikesbeer

To be fair these guys were all even to begin with.

bquintb

ITT: we don’t know what jokes are

Ok-Government420

They can’t even give us Shemp-level Stooges!!!

yeuropea

This is perfectly fine. The idea they implied that they borrowed 20 the other way around is the joke. But that’s not the case. We used to solve debt among friends this exact way when kids.

In this sketch they are using Partita Doppia (double entry) to verify those IOU to resolve to 10. There’s not even any fractional reserve, they did not apply interest while lending.

It’s so good of a collection of banking transactions it could fit in Islam too.

shongage

Reminds me of this classic, also: https://youtu.be/uxviBxaSjyc

PromptTimely

Love this but I miss the original curly

GorgeousMetal

Janet Yellen is Larry. She is so totally Larry.

Grdosjek

This is not only how banking system works, it’s how any dept between multiple parties can be solved, banks or no banks. It’s perfectly normal and it would work exactly same in BTC only system.

SkyFlyingBy13

Nobody likes Joe. Fake Stooge.

Embarrassed-Syrup-25

Hahaha, tjis is the best thing i habe seen in a long time! Thanks for sharing mate!

IntoTheNight_

This is shitpost and have nothing common with the banking system. Those guys were even from the beginning.

Prestigious_Ad280

Take my upvote! πŸ˜…

clue5tick

THIS ^

Kossef

Yes! This is exactly what happened to the banking system this week. The πŸ‡ΊπŸ‡Έ banks are failing big time and they can’t hide it anymore!

drtsch

…or Lightning

homelesssystem27

This is accurate for real, nice post lol

e3ee3

How banking system works: I owe you $20, I have $1, but here is your $20 and another $80 loan. You owe me $80, pay it whenever you want as long as we are in good terms. Don’t dare to ask about where I pulled the $99 from. You are in my debt. Worry about paying it back.

Active_Cow3276

πŸ˜΅β€πŸ’«πŸ˜΅β€πŸ’«πŸ˜΅β€πŸ’«πŸ˜΅β€πŸ’« 😴😴

Slide-Impressive

Fractional reserve banking at it’s finest

Morgothic

Not enough interest involved.

camparix

Isnt the actual Legitimation for banks to be the central entity informing all three that nothing has to be payed? (except for the service fee they would charge for providing that info)

[deleted]

More like American government

Smarty_40

If only it was “I borrowed 20” so I only owe 20 back.

Unclestanky

Nah, banks would give up, blame someone else, and retire rich for being incompetent.

Acceptable-Height266

Only Works…. Without compounding interest

goartia

This is so accurate

nassauboy9

Beat one of rhe day

NateBushbaby

I love the 3 stooges

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