this post was submitted on 23 Dec 2023
1038 points (91.8% liked)
Memes
45727 readers
1188 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Paying a bank hundreds of thousands of dollars in interest is also robbery. what did the bank do? Were rich and did paperwork. Wow so irreplaceable and valuable. Think of all the poor people they swindled to get there! Amazing ๐
The bank isnt even that rich... They are allowed to just dream up the money from nothing and lend it to you.
And if you miss a payment, they get to reposses a real asset.
This is the biggest scam in history. The bank lends you imaginary money, and then reposesses a real asset
They dream up money? How does that work? I'd like to do that.
Simply put, when enough people deposit money into their accounts, banks will simply take the money and lend it to someone else. It is not "their" money, but crunch enough numbers and do enough predictions and you might make it out.
That's why "run on the bank" is such a feared things - if everyone starts withdrawing cash or sending it to a different bank, the bank can't really do that because they don't have the money.