Bitcoin Darjeeling on Nostr: The amount of #bank loans in #india which were written off in past 10 years. These ...
The amount of #bank loans in #india which were written off in past 10 years. These are all public sector banks. Just like #silvergate or #SVB in the US. These are just some examples of how public had to pay for bank loss.
The people closest to the money printer get all the advantage. Just like the corporates who got these loans. Many fled the country. Many still live here by still doing yet another bank loan based startup.
The $300B written off come back as inflation and every indian pays it rupee by rupee in full. And then, another such loan is given on same terms to same people.
The people closest to the money printer get all the advantage. Just like the corporates who got these loans. Many fled the country. Many still live here by still doing yet another bank loan based startup.
The $300B written off come back as inflation and every indian pays it rupee by rupee in full. And then, another such loan is given on same terms to same people.