in capitalist America, the bank robs you!
Give a man a gun and he will rob a bank.
Give a man a bank and he will rob the world.
i thought i had something to say, but it turns out it was this.
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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.
I assume as in “The” Onion? I wouldn’t have high hopes but I wouldn’t blame them for trying around the time that was probably made.
Yes. It is extremely stupid and some of the jokes are very dated but it’s still funny.
It’s a whole movie? I thought all the Key & Peele sketches were just short sketches.
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 got 5% on my ISA twenty years ago, and it really did feel like getting free money. Now my savings are depreciating so quickly I feel like I’d be better off spending it all. Not that it’s very much.
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.
1993 was 30 years ago
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.
I don’t get it.
Being a banker is a real robbery.
Every time I’ve put money in a bank, I’ve gotten out more than I put in. Where’s the “robbery”?
Predatory lending. Overdraft fees. Minimum balances. Setting due dates on holidays and and weekends, then refusing to process payments for a three days prior to the due date. Opening lines of credit for people with mental handicaps. Fixing their books. Lying to regulatory agencies.
Wait until you learn overdraft fees are entirely the fault of the person overdrafting their account!
You had to focus on one thing in my comment, and you still didn’t even get it correct!
Bank of America intentionally processed transactions out of order to put accounts in the red faster in order to maximize per-transaction penalties. They are not the only bank.
Earlier today I read about someone who had their withdrawal processed before their deposit, placing their account into the red for a miniscule amount of times but still incurring the $35 overdraft fee.
It takes more nuance and braincells than that to understand the joke.
I think it just takes a not particularly reflective cynicism. “Banks actually steal from us” is just an edgelord “good things are actually bad” take.
Money printing. Larger amounts loaned out every year devaluing all existing dollars. The number might be higher but it counts for less. Official inflation figures don’t even cover it since they don’t count things people actually try to use to store wealth.
Loans don’t devalue dollars.
When they increase the money supply, yes they do.
Loans don’t increase the money supply, though. They increase monetary velocity.
Most new money enters the system by being created via loans ultimately from the federal reserve bank. This is the primary way the money supply expands.
Wow! You must be rich, mister!
Wait til you hear about how much THEY made off that money.
An economic transaction was non-zero-sum and made us both money? You love to see it! Capitalism wins again.
What is the robbing of a bank compared to the founding of a bank?
- Bertolt Brecht
Dont feel bad. Some people are just born stupid.
Okay, edit: a very big /S , because modern internet.
Haha, no edit needed; I can take it! I was thinking “so he’s their inside man now, in a bigger heist? Or maybe it’s commentary on wage-theft and low wages from big banks…”
It reminds me of this Key and Peeled sketch
Keyed and Peeled
Aaaaand, it’s gone. https://www.youtube.com/watch?v=Y3AM00DH0Zo
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