rajatsonifnance on Nostr: In the current financial system, you're either a lender or a borrower Most people ...
In the current financial system, you're either a lender or a borrower
Most people don't understand the financial system so they have no idea this is happening
If you choose not to lend your money, someone else will take it and lend it on your behalf, whether you like it or not
This is what banks are designed to do
When you deposit your money in a bank account you're not saving
You are lending your money to the bank
The bank then takes your money and lends it at a higher rate and keeps the profits
Low interest rates are normalized, so most people never question the 0.01% interest rate their bank offers on savings accounts
YOU take all the risk
But THEY take all the profits
Most people don't understand the financial system so they have no idea this is happening
If you choose not to lend your money, someone else will take it and lend it on your behalf, whether you like it or not
This is what banks are designed to do
When you deposit your money in a bank account you're not saving
You are lending your money to the bank
The bank then takes your money and lends it at a higher rate and keeps the profits
Low interest rates are normalized, so most people never question the 0.01% interest rate their bank offers on savings accounts
YOU take all the risk
But THEY take all the profits