Post
Topic
Board Economics
Re: Banks Won't Make You Rich
by
Indai24
on 27/04/2018, 21:33:54 UTC
I agree with you, because banks will only give you low interest on your savings, which will always be lower than the inflation rate. So it can also be a good explanation of why so many people like bitcoin, investing bitcoin more cost-effective than money in banks, bitcoin is very effective against inflation.

Right. And instead, we made the bank rich because they only gave us low interest for our savings but when it comes to loan they gave us high interest, well in fact it is our money  whom they utilized. They're earning higher interest out of our money.