The global financial system relies heavily on banks, but are these institutions really as solid as they seem? A closer look reveals that banks operate with surprising similarities to Ponzi schemes. By depending on new deposits to pay off withdrawals and investing in less liquid assets, banks create an illusion of stability that can quickly collapse under the right conditions. Conditions we’ve seen a lot of in 2023. https://twitter.com/WatcherGuru/status/1654843448602525696?s=20The Illusion of...