Just completed a bank account transfer. That shit is just a bunch of numbers on a webpage.

  • Dumpster_fire_pants [comrade/them]
    ·
    4 years ago

    I like 30 to 1 leverage. So when you deposit 1 dollar into a bank they can invest, out of thin air, 30 dollars to lend out based on your one dollar. Money is debt.

    • MerryChristmas [any]
      ·
      4 years ago

      And the lobbyists are constantly trying to raise that leverage amount.

  • volcel_olive_oil [he/him]
    ·
    4 years ago

    I haven't seen cash in years

    we have good faith in the honor system don't we people our lovely banks are so honorable