These are the interest rates at my bank over an 8-year period. Notice anything, /pol/?
Banks have cut interest rates in order to encourage people to gamble in the stock market or """""""""""""invest"""""""""""""" in real estate?
>>79455146
Your money has no future value.
>>79455146
I notice you're from buttfuck Nova Scotia.
>>79455146
Yes.
Niggers in the Oval Office fucked up your shit
>>79455146
yeah it fucking blows
>>79456399
I'll get right on that after the housing market crashes again
>>79455146
The interest rate rewards those with (((existing wealth)))
>>79455146
>interest on moni we typed up on a screen
>takes your 5000 and gives you nothing
>>79457963
Scotia bank is Canada wide, you fuck
>>79459322
Then good job investing in a back stationed in Canada's Somalia, OP.
>>79459407
>55 countries
I don't bank with scotia bank because my bank gives me an account where I pay zero fees for everything forever right now, but still
>>79455146
Extra flags working?
>>79460865
Wisconsin needs to be holding some kringle, and Minnesota should be fatter.
>>79455146
Savings accounts are not meant to be an investment.
Disregarding that, yes interest rates have dropped dramatically because central bank rates are historically very low, which in itself might be beneficial but since the banks are the ones getting to take advantage of those policies it's not good for the public.
Outlaw usury, regulate banking, etc, etc...
>>79461612
>regulate banking
oy don't listen to this nazi
>>79461612
Outlaw fractional reserve banking.
>>79462147
maybe we can outlaw unicorns and the easter bunny next
>>79462147
That's only the start.
Banking was a business that usually wasn't beneficial to the people before the invention of fractional reserve banking and other innovations...
>>79463557
>fractional reserve banking
banks create credit out of nothing
there is no "reserve"
>>79459407
> NS is Somalia
> Not the Eskimo Isles
wew lad
>>79463732
They do not technically create credit out of "nothing", they are still required to hold some actual money by the system to "back" those loans.
