Exactly. The Bank cannot survive with such rates because the Bank's money is divided, in fact, into two parts.
"Credit" - those that the Bank takes for storage from people as a Deposit and charges any % on these deposits so that it is profitable for people to carry money to banks.
"Loan" - those that the Bank just gives out as a loan to people who pay the Bank % for using this money.
The Central Bank can issue loans at 0% because this is in fact a repayable debt, not a loan, and the profit will be as taxes received by the state.
Banks can't afford this luxury - at whose expense do they have to pay salaries, rent, operating expenses, etc., etc.? Just go to the Wikipedia article about banks and understand why this is happening, but of course it is much better to ask on the crypto forum how banks work.
Bank can give thousands of reasons everything is normal, that mean nothing when we can see inflation is going rampant wild, the food price alone shoot through the roof and the person who regulate the money supply?? The person who regulate the interest rate? The bank just want to point finger at everybody else but not themselves for all the money problem in the economic, this disgusting bank don’t collude a single day I don’t feel normal, it has been their profession to collude and steal, they’re no different than robber, and can you trust a robber, a blatant liars who broke the market in 2008, a colluding organisation that promise will keep inflation in check, to make this world better? And you wonder why bitcoin is needed to wake this world of this bank threat?😂
by offering btc as a panacea, you are proposing to go from shaky order to endless chaos. Is that what you want? For any cryptocurrency, there is not even an infrastructure - and there is simply no desire to use it as a means of payment. Look around, what do you see? People are obsessed with cryptocurrencies not because it is some kind of progress and the present future, but because they can become millionaires in one day, or lose everything. For all of them, and most of them, cryptocurrency is just a gray kind of casino, where you can earn good money and come out a winner.
Do you remember that the casino always wins?
Michael Saylor the Microstategy was calling bitcoin a online gambling a.k.a the casino too, but look what his narrative today? Whether bitcoin is a scam or it’s a pin to debunk a greater scams, we shall see the result very soon, I’m not calling bank is the greater scams that required some rude awakening, just a guess work.
And what is the bank's fraud? The fact that he gives you the money you need today and asks you to return a little more for it? Or is it that he offers to take your money today and give you back a little more tomorrow?
What is your complaint against banks as such? Except for the failure in 2008-the fault here, I believe, is not that in the banks as a whole, but rather in the people themselves and in the fact that we all want to somehow earn a comfortable eldery and no more.
you don't go saving every homeless person from a thunderstorm when it starts. You are sitting in your own house/apartment with a cup of tea, do you?
Well that would be very obvious, nobody like getting lock down, nobody like getting pandemics, nobody like getting their food bill skyrocketing through the roof like nothing else (over 1,000,000% inflation rate), nobody like living a life that will constantly need to compete who has faster monetary velocity, nobody like to living on the hood that hey have a heavy loan just after leaving school this monetary system rarely reward the provider aka it punish the person who contribute to the world by being selfless, this system reward the crooked financial people, many university is under funded, many professor who invent great tech are under funded all of them need to living on extreme frugal yet need to make change to this ever rotten corrupted financial system, you can have plenty to hate on this system, how am I doing fare, good but I’m not doing great as before pandemics, because I’m always compete outsmart the system, for many of the people around me they’re not so fortunate, but would you want to help them?
So you want to destroy the economy as such simply because it is built on competition and movement? And what do you suggest? Give everyone money just like that and make products, training, all communications and many other basic things free? Or what is your suggestion? All that you have described is a reason to think once again about your actions before you commit them. Yes, mistakes are often painful and you have to pay for them, but this does not mean that you need to stand for universal communism and lack of competition simply because you do not have money for education here and now or because you can not buy yourself a marbled beef because you work at McDonald's.
My prediction 16 years ago all come true
16 years ago I predict:
Interest rate would goes all the way down until zero bingo
USD would forever the king currency bingo
Stock market is long dead bingo
QE won’t stop forever bingo
Market crash in 2008, next would be 10 years later cycle in 2018, they managed to delay to 2019 bingo
And my belief still hold true even today
The next prediction I made:
Investment result is not an accident, they had rigged well who is winner who is loser and completely rigged, it defeat the purpose of investing completely, it’s not even a gamble anymore, but outright a rigged outcome. Winner: vaccine producer, weapon maker, food chain.
The bank are the offender, we are the defender, they launch the wars on us, not the other way around, we don’t destroy bank, the bank destroy us, and they would continue to destroy us forever
The government destroy the stock market, they can’t wait and watch the gun sales collapse, hence they spread FUD and rattle the stock market to the point the market is completely dead, only the weaponry business could survived.
Conspiracy theory is 100% correct, and government would continue to censor them and call it fake news.
What about the next 10 years will it be the same? How do you protect yourselves?
Also my insight on don’t get a job don’t invest don’t use bank don’t do anything at all, I would never change that too, they’re all pretty accurate even after ten years later.
All the prediction above I had strong belief it wouldn’t change for the next 100 to 1000 years.
That’s all my suggestions, it’s very clear.
