When you keep your money in Chase or Wells , it is an act of patriotism.. let me explain ..
You keep your hard earned money with one of the banks knowing very well there is no interest whatsoever ..plus you are taking a hit for over six percent year on year for dollar debasement .. but what is that for the sake of the nation !
The money you keep there , is loaned over by the good folks ( at your bank ) to entrepreneurs , who invest in cutting edge technology, build the businesses and create more jobs ..
Jobs , jobs , jobs ..
Is that too much to ask from a good citizen ?
Not only that .. since most of the money that is lent to good entrepreneurs , keep sitting in bank , the good fellas loan it again .. and again ..and again ....
They are relentless in their their service ..
And you think they are doing all this just to fill up their pockets ? .. dude .. how many times do they write off the loans cuz not every borrower succeeds .. yet they keep on doing their work .. risking their reputation..
And thanks to their efforts , the economy is around 1000 trillion now .. on a money supply of less than 100 ! .. so you see - they built the wealth ten times over ..
Now tell me .. what do you want ? #askNostr
Stop the banks and get into crazy tech of #bitcoin that you won't understand even if you tried for the rest of your life ?
Or let the economy grow twenty times over .. they can always pull out CDOs and few more clean ways to so called toxic leverage .. all in the service of you - the citizen ..
