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A good explanation on how the banking system works (m.youtube.com)

posted 262 days ago by Nytridr 262 days ago by Nytridr +31 / -0

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– outside223e 2 points 262 days ago +2 / -0

Because of inflation which they are responsible for we are dumb enough to give them our money today and they give us back less tomorrow and we are still dumb enough to thank them

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– The_Watcher 2 points 262 days ago +2 / -0

I know, it's clever, isn't it? This is my over-simplified description:

Inflation is 5% per year.
You put $1,000 into the bank.
The bank buys $1,000 of gold.
The following year you take your money out.
The bank sells its gold for $1,050, including inflation.
The bank gives you your $1,000 and keeps the $50 for itself.

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– Nytridr [S] 1 point 262 days ago +1 / -0

Pathetic peasants we are to believe in the systems of enslavement that they create

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