Dr. Jeff on Nostr: Solid video, Iancarroll . My only quibble is with the title. Banking isn't broken, ...

Solid video, Iancarroll (nprofile…sra8) .

My only quibble is with the title.

Banking isn't broken, per se. Banks are thriving by doing what they always have done:

1. Facilitating criminal activity (as your video demonstrates).

2. Serving as monetary surveillance outposts for the government, suspecting their "customers" and treating them as guilty until proven innocent.

3. Creating a large amount of loans (ie, new money) based on a very small base of deposits (ie, fractional reserve banking) so that, in times of economic crisis, depositors are at risk of losing their savings, which they thought were safe in their bank's vaults... lol.

4. Generally increasing the monetary base beyond our nation's means (see "fractional reserve banking" above), thereby steadily debasing the government fiat currency that the people are forced to use... and stealing their purchasing power over time.

5. Supporting the international banking cartel, led by central banks... especially the US Federal Reserve.

Cheers.

quoting nevent1q…zcs8

Banking is broken