What Canadian Banks Don't Want You to Know About Compound Interest

25 Feb 2023 · 0 min

Watch on YouTube

0:28

A short monologue (YouTube video) that questions commonly held beliefs about compound interest and points out an apparent contradiction: banks promote compounding but (according to the speaker) do not use compounding to grow their own wealth. The speaker frames this as a provocative question to the viewer—do banks know something the public does not?

Do you believe in compound interest? Name one business that uses compounding to grow its own wealth. Banks. And how does bank grow wealth? By keeping money. Doing what? Because of money. To earn compounding, it has to sit still. Then it can compound the very same institution. Business makes us believe that compounding is the best way to create more wealth. The very same institution is not using it. Do they know something that we don't?