in capitalist America, the bank robs you!
Reminds me of The Onion movie: https://youtu.be/1XFw1jRKRwQ?feature=shared
I fucking love this clip, watch it every time it’s posted.
Is the whole movie worth watching?
Haven’t watched it in quite a while so I don’t know how it holds up. But I think it’s a fun watch.
Yes. It is extremely stupid and some of the jokes are very dated but it’s still funny.
also relevant key and peele skit
replace youtu.be in the URL with yewtu.be.
here, for your convenience: https://yewtu.be/watch?v=jgYYOUC10aM
The bank robbed the people so the people rob the bank 🎵
But then they turn and join the bank instead v.v
Like 30 years ago banks gave interest rates upwards of 3%, now you have to be a part of an exclusive club to get more than 0.5%
I get 15% currently from nu bank in mexico, and the mexican peso is appreciating vs the us dollar, so it really is a great deal.
That sounds cool, but given that bank interest creates currency directly that means if it continues at that rate then eventually peso value will start to see a sharp decline.
Yeah, but it’s not that direct a process, and while there’s still interest in the currency we can support a lot more of it. High interests have also meant less spending and lower inflation.
Really the currency losing value is something that happens always so just getting anything in return is a win, though it sucks for people holding money without a good investment.
More like 40. I had a checking/savings account that my grandmother set up for me when I was born. It paid .5% interest on a checking account, and the savings acciunt paid 2.5%. They stopped giving those rates sometime in the 90s. Same bank charged me an “inactivity fee” in the mid 00s to 0 out the accounts and closed them.
Those accounts had disappeared by 93. I was 13 then, and didn’t know about my other checking account, cause my grandma didn’t think I needed any money till I left for college. I went around to every bank and ended up setting up my “first” checking account in 93, cause I started working on a tobacco farm for video game money, and needed a way to cash my check without fees. None of the banks were offering interest on checking accounts, and the best interest rate I could find at the time on savings was 1.75%
Oof, fell for the oldest scam in the book. The real money’s in issuing loans, not bank telling.
