DO NOT Do Business With Banks! (here's why)

30 Dec 2022 · 0 min

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0:21

This is a YouTube video by Jayson Lowe (uploaded Dec 30, 2022) arguing that banks hold concentrated power over where consumer money flows and can unilaterally charge fees because of their large entrenched infrastructure. The provided excerpt emphasizes that when customers deposit funds, banks gain the ability to make expansion and pricing decisions and effectively extract fees without external control.

Where you're moving your money and where it's going to. They are the one who gets the empowered energy from getting that money that they use. When you give them that money, they can make decisions on whether they want to expand. They can charge more fees. And if you look at the infrastructure that the banking system has built, it's so large that they can charge any fee that they want without any control. We.