On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates.
My views on the debate about inflation vs. deflation and the subprime mortgage crisis.
keywords: bear stearns banking parasitic [...]
Inflation, deflation, subprime mortgage crisis, & banks
February 23rd, 2009 25 Comments
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