Essentially banks are commiting securities fraud. We create yhe money when we sign for things (mortgage, autoloan, bills, etc) the bank takesthat and trades it as a security without telling you, while gaining interest and issuing you the statements of interest as if you owe them. They double dip essentially, for something they dont technically own
Asking the real questions here nostr:note19sz09qlpdepdjt5dvd4ryvgy8pzaslwz9vsjup2z79v7ejcwtpksffu7xp
Discussion
They tell you. You have to read the fine print when opening a bank account.
Yes, but many dont read or have clarity as to what yhey are being told. Legalese is not the same as the English we use
Yes.
But, you know, people usually receive some interest payment on their savings in banks, and they never ask where that money is coming from.
If I take a dollar bill and place it in my sock drawer and come back two years later, there isn't $1.13 in there. There's still just the $1.
Nobody ever wonders where the 13¢ came from, in the bank account. What magic is this?
I was the same way. I'm just saying that it's amazing how we just take that for granted.
Haha i know haw, its so insulting for all the money they make they give you pennies for your savings