So let me get this straight...
I work hard and deposit my money in a bank. The bank pays me a pitiful interest rate and meanwhile lends out my money to other people/companies at a much higher interest rate. At the same time, a trader in the bank uses my money on deposit as collateral to trade on financial markets. If he makes more money for the bank, he gets paid a big bonus which he splurges around town driving up the cost of living and reducing the value of my money on deposit. If he loses enough money for the bank, then the State steps in to support the bank to make sure it can pay me back my money on deposit. The State uses money that it takes from me in tax. It uses my money to guarantee that my money gets paid back to me in case some trader loses my money.
What’s wrong with this picture?
What’s wrong with it is that I don’t do anything about it.
What could you do about it?
Take my money out of the bank and stick it under the mattress.
Why don’t you do that?
Because I’m scared some idiot in a hoodie will break in and steal my money.
Isn’t the idiot in the suit just as dangerous?
Yes. But he won't hit me, just destroy my financial future.
So what do you suggest you do?
Uh, go watch telly and stuff…
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