[Chugalug] Chugalug Digest, Vol 14, Issue 36

Rod rod-lists at epbfi.com
Fri Sep 6 15:30:21 UTC 2013

Yes and no. Banks pay interest on deposits so that they can loan that out.
Right now that interest is at historic lows. But it hasn't also been that  
But I will agree with you banking fees  have gotten out of hand.

---------------------On Fri, 06 Sep 2013 10:09:24 -0400, Aaron welch  
<n2nightfall at gmail.com> wrote:
We PAY banks to hold OUR MONEY today.  They get to make money for holding  
onto our cash.  They make money creating loans against OUR funds in their  
accounts.  Governments create and spend currency at their leisure without  
regard for the overall value of that currency.  In fact, the US government  
does not even control its own currency, the Federal Reserve does.  I think  
of BTC as a way to gain a little more control of my own destiny back from  
the vultures.

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