The ELI5 is I lend you ten bucks and you agree to pay me 12 when you have it. You lend eight of those dollars to Greg and ask him to pay you 9 when he has it.
This scenario has ten real dollars in it. But it has $21 in debt (you owe me $12 and Greg owes you $9).
MinaKyobo on March 20th, 2019 at 20:10 UTC »
The same MFs we owed the last time this was posted
thinkB4WeSpeak on March 20th, 2019 at 20:52 UTC »
Those pyramids in Egypt weren't free.
RufusMcCoot on March 20th, 2019 at 20:57 UTC »
The ELI5 is I lend you ten bucks and you agree to pay me 12 when you have it. You lend eight of those dollars to Greg and ask him to pay you 9 when he has it.
This scenario has ten real dollars in it. But it has $21 in debt (you owe me $12 and Greg owes you $9).