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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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– 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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