jimmysong on Nostr: In case you are not aware, every big company is a bank. They have to play financial ...
In case you are not aware, every big company is a bank. They have to play financial games with whatever money they get and if there's any time gap between when they receive the money and when they have to deliver the good or service, they invest the money in the meantime to get some yield. If their customers can't pay right away, then they partner with banks who loan money which prints more money.
Such is the way of fiat.
Published at
2024-10-28 17:15:04Event JSON
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"content": "In case you are not aware, every big company is a bank. They have to play financial games with whatever money they get and if there's any time gap between when they receive the money and when they have to deliver the good or service, they invest the money in the meantime to get some yield. If their customers can't pay right away, then they partner with banks who loan money which prints more money.\n\nSuch is the way of fiat.",
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