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Originally posted by Peruvianmonk
Of course Occupy were right. Should have transformed themselves into an actual political party though and hammered on and on wherever and whenever they could. They could have owned this issues and destroyed the established parties on both sides of the Atlantic.
I mean where are they now? Organise!
What’s the most basic service banks provide? Borrow money and lend it out. You put your savings in a bank to hold in trust, and the bank agrees to pay you interest on it. Or you borrow money from the bank and you agree to pay the bank interest.
How is this interest rate determined? We trust that the banking system is setting today’s rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough.
But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them – bets that will pay off big for them because they have inside information on what the market is really predicting, which they’re not sharing with you.
Originally posted by PatriotAct
I'm glad you've noticed the ongoing scam.
This is insider trading on a gigantic scale. It makes the bankers winners and the rest of us – whose money they’ve used for to make their bets – losers and chumps.
The Tea Party had the same information, they hated the banks as well