• gastationsushi@lemmy.world
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    1 year ago

    I grew up believing all loans is money banks lend you from their own money they have on hand. But that is a lie. That money is created by the fed reserve when the paperwork is signed. And all the bank has to do is follow rules their lobbyists write.

    Why do we even need private banks? I bet people could handle their own fianaces a lot better if we had direct access to fed money creation and we didn’t let bank lobbyists write the rules.

      • afraid_of_zombies@lemmy.world
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        1 year ago

        60% of known species are parasites. However, the animal most well known (human) has 110 species of parasites hinting very very strongly that the 60% is a huge undercount.

        The CEO of the corporation I work at took a one month vacation this year and everything was fine. One of our service techs took last week off and every order was late.