RE: How the traditional loans system works

This is quite eyeopening. But what happens when those(most) loans are not being payed back. Like how some get loans to only incrrase their spending, I guess its one of the reason why consumer debt keeps increasing. but what do I know

I think this is where crypto could come in because it'll save both depositor and loaner the stress of having to pay commissions and all to the bank which can be used for something valuable instead of the feds having to decide what to do with the money