Wow, anthr excellent post from Olivia here... it's scary..❕#Banks 😦😧
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--Alcista
Analyst Olivia
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Your Money in the Bank…
1: Isn’t yours
2: Isn’t money
3: Isn’t in the bank
Let me explain:
1: Isn’t yours: When you deposit cash, it legally becomes the bank's property, you now hold only a claim (an IOU) against the bank, not ownership of specific funds
2: Isn’t money: What shows in your account is just a digital ‘promise’ or liability on the bank's balance sheet, not physical currency or even reserve backed money, it’s basically bank-created credit
3: Isn’t in the bank: Banks keep only a tiny fraction of deposits as reserves (fractional reserve banking). Most of ‘your’ money has already been loaned out multiple times & isn't sitting in the vault waiting for you
Do you really understand this?
1: Isn’t yours
2: Isn’t money
3: Isn’t in the bank
Let me explain:
1: Isn’t yours: When you deposit cash, it legally becomes the bank's property, you now hold only a claim (an IOU) against the bank, not ownership of specific funds
2: Isn’t money: What shows in your account is just a digital ‘promise’ or liability on the bank's balance sheet, not physical currency or even reserve backed money, it’s basically bank-created credit
3: Isn’t in the bank: Banks keep only a tiny fraction of deposits as reserves (fractional reserve banking). Most of ‘your’ money has already been loaned out multiple times & isn't sitting in the vault waiting for you
Do you really understand this?
Aviso legal: Incluye opiniones de terceros. No debe interpretarse como asesoramiento. Binance AI puede usarse sin garantía. Lee los TyC.