When You Deposit, Banks Owe YOU

If you get digital statements, you're getting a digital iou. That's really what it is. But it's the equivalent of printed on paper. It's if I wrote you a note on a piece of yellow pad and I hand it over, say, hey, don't worry, Henry, I owe you this money. It's all good, bud, don't worry. That's essentially what's happening in the bank.

Well, they have more advanced technology. They actually give you a printed receipt that tells you how much they owe you afterwards. So you've put money in. You're used to not paying any interest because they're going to pay you nothing in interest. But. But I'm sure everyone understands when the money is put back into their system, they're going to go deploy that money for their own reasons and their own profit building objectives to build capital and profit. You've given them the fuel for them to build profit and they don't even share the profit with you. The common sensory around that is not even present in most people's minds.