Banks don’t have savings accounts.
They will tell you that you need to have a savings account.
They say it’s a good financial tool and that it’s good for you.
The purpose of saving money is to eventually spend it on something.
That’s not a mystery.
After all, money that isn’t spent isn’t being used and is therefore useless.
Nobody saves money in order for it to never be spent.
So, why don’t banks have savings accounts themselves?
Understand that any money that is not being used is losing purchasing power.
Banks don’t have savings accounts because of that fact.
The same amount of money today will not buy the same amount of goods and services next month.
Banks want you to save because you are in fact lending them money when you deposit money into a savings account at a bank.
They then gamble (spending the money) in the markets with your money.
However, they have the interest thing backward.
They are borrowing your money yet they are deciding how much interest they will pay you.
Imagine being able to decide what the interest rate is on a loan as the borrower.
Well, that’s the reality of banks.
That’s how it is and I didn’t make it that way.
Now, that you are aware of that, I have something else for you to consider.
A heinous trick has been played on you.
Right now, you believe that America has a capitalist economy.
Well, it doesn’t.
AMERICA ALREADY HAS A SOCIALIST ECONOMY.
Allow me to substantiate that claim…
You see, it is not a mystery that if the “markets” are performing well, then the economy is doing good.
If the “markets” are performing badly, the economy is doing badly.
So, in fact, the markets reflect the economy and the economy reflects the markets.
That’s not a secret and there is no mystery there.
The deception is revealed in knowing the true difference between capitalism and socialism which is PRIVACY AND A FREE MARKET.
Capitalism is defined as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.”
So, if you remove the privacy and free-market competition from an economic system or a significant portion of an economic system, then what you have is socialism. A market is not truly “free” if it is regulated, limited, restricted, or controlled in any way.
Socialism is defined as “a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”
Here’s a quick fact:
WHEN A COMPANY GOES PUBLIC, IT IS NO LONGER PRIVATE.
The “markets” are a socialist economic tool.
Well, let’s look at how markets work.
I’ll use a clear example to make the point as clear as possible.
Imagine that you and I each bought a house for $100,000 and your house is across the street from my house.
Each house is identical in design and price.
Now, imagine that you upgraded your house with new windows, new doors, new carpet, and a fresh paint job.
Then, you list and sell your house for $130,000.
As soon as your house sells for $130,000…
MY HOUSE (and others that are similar), WHICH ISN’T UPGRADED IS WORTH (market value) WHAT YOU SOLD YOUR HOUSE FOR WITHOUT ME HAVING TO SPEND ANY MONEY ON THE UPGRADES YOU SPENT MONEY ON.
How the fk does that happen?
Where did the additional $30,000 value for my house come from?
That’s right…the benefit of YOUR HARD WORK AND MONEY is shared amongst others.
That’s fkd up, right?
So, then, the people that are saving to buy a $100,000 house now have to save more money.
But they can’t save more money if they are not making more money which means it will take longer to save the required amount…which by that time, the process will have repeated several times more which only drives up the price making it harder for people without homes to save for buying homes or to afford to buy homes.
Now, if that isn’t a socialist system, then what the fk is?
The markets for trading stocks or bonds is the same fkn thing.
So, because of the way that markets work and the fact that markets reflect the economy and the economy reflects the markets, that is empirical evidence that America’s (and the world’s) economy is driven by socialism.
Right now, the world’s markets are fkd up and as a result, the economy for everyone is fkd up.
You live under socialism which is economic slavery.
You have never known capitalism.
Socialism ALWAYS fails (see Condorcet Paradox) and therefore the current economic and financial conditions around the world are not a surprise.
The idea of the “nation-state” has completely failed.
All nation-states have markets and all markets are socialist.
Again, socialism ALWAYS fails.
You are a fkn idiot if you believe there will ever be a “V-Shaped Recovery”.
There will be no recovery.
Nothing can recover from a death blow.
The death blow to any society or civilization is socialism.
The failure of the system you live in is happening NOW.
Founder, House of Harakhti