Post AC4JdtcsbhuHrXGWUC by OCRbot@fedi.lynnesbian.space
(DIR) More posts by OCRbot@fedi.lynnesbian.space
(DIR) Post #ABTMPTe5sbeBT2fRJ2 by baturkey@dads.cool
2021-09-18T00:20:56Z
34 likes, 38 repeats
(DIR) Post #ABTXFbrlYnMBYxYm8m by charims@social.pcwideopen.com
2021-09-18T04:55:04.118787Z
0 likes, 0 repeats
@baturkey This. My dad signed me up for a credit union account when I was 5. I was 17 and they started charging a monthly "statement fee". I didnt catch it for 6 months. When I found out, I took the ~$200 I had left out and closed the account. I know it wasn't much, but when they start charging you $5 a month, that hurts. How can they charge you for the opportunity to sit on your money and invest it!? It makes no sense. They should be paying me interest for the loan...
(DIR) Post #ABUXJE5681Re6yTpEu by Zergling_man@mastodon.linuxbox.ninja
2021-09-18T16:30:27Z
0 likes, 0 repeats
@baturkey Not just steals it, even what it doesn't steal, the bank controls. I've been fighting for months trying to get my bank to stop blocking my account over FOSS donations and crypto purchases.Money in the bank is not your money. It is the bank's and they give it to you on their terms.
(DIR) Post #ABXycU0qpigo80KCGG by irie@freecumextremist.com
2021-09-20T08:20:11.339527Z
0 likes, 0 repeats
@baturkey They didn't learn how their currency is owned and regulated by private banks who can create money out of nothing, then lend it to the government that has to pay back the loan with your taxes.
(DIR) Post #ABZIkK2415VfjSrpSq by lain@lain.com
2021-09-20T23:40:49.404696Z
2 likes, 0 repeats
@baturkey they should have made one kid deposit $5 and 10 other kids take out a loan for $5
(DIR) Post #ABZJMQXGHnvMuDd61I by InternetEh@dads.cool
2021-09-18T01:03:09Z
1 likes, 0 repeats
@baturkey they'd rather have $5 than have people who trust the banking system
(DIR) Post #ABZKPNdtbB0Ikwhkwq by sapphire@goyim.app
2021-09-20T23:59:26.272180Z
2 likes, 0 repeats
@lain @baturkey I mean the loan kids would have come out ahead in this case lmfao
(DIR) Post #ABZKPcSkUu04iibZ9k by WhiteTemplar@pleroma.nobodyhasthe.biz
2021-09-20T23:59:30.575796Z
2 likes, 0 repeats
@baturkey A reminder that the owner of the bank that took over the local bank was Jewish.
(DIR) Post #ABZL3XPogNFweLGfhY by Shadowbroker2135@poa.st
2021-09-21T00:06:43.052946Z
2 likes, 0 repeats
@baturkey one of my biggest conservative hurdles for me was realizing how fucking gay capitalism is. Doesn't help when most of the public faces criticizing capitalism are literal faggots which I know is done on purpose.Even when I knew the truth I still argued on it's behalf because the other side was so repulsive to me.
(DIR) Post #ABZL9armlRRn5gEnrM by lain@lain.com
2021-09-21T00:07:48.165359Z
1 likes, 0 repeats
@sapphire @baturkey and that's why we have the business cycle
(DIR) Post #AC4Jdt4UfYOw8tB3tA by aral@mastodon.ar.al
2021-09-18T07:43:02Z
0 likes, 0 repeats
@baturkey @OCRbot
(DIR) Post #AC4JdtcsbhuHrXGWUC by OCRbot@fedi.lynnesbian.space
2021-09-18T07:43:08Z
0 likes, 1 repeats
@aralThe purest possible mechanism of “financialliteracy” is (1) a banker comes to your school,(2) the banker tells you that to have a good lifeyou need to start depositing money in the bank,(3) your teacher nods approvingly, (4) youbelieve them and deposit money in the bankand (5) the bank steals it. Here is an incredibleanecdote that Salmon quotes from LaurenCopy Share’ Selectall WebsearchTo teach children about the bankingsystem, a U.S. primary school walked itsstudents to a local bank where eachopened a savings account into whicheach deposited $5. Implicit in this activityis the message that the bank istrustworthy. Another bank then acquiredthat bank and charged all low balanceaccountholders a monthly maintenancefee that wiped out the children’s savings.The children may have learned a moreimportant lesson about the financialsector than the school intended.I love this so much. If I still worked at Goldmana 1 5 1 mad en 1& & a