Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause […]
This is excellent video explaining how our Banking system works. How Banks make money from thin air. Moral of the Story: Dont live beyond what you can earn, dont take out loans, dont trust banks with your money. Seems about right.