Topic: If Banks make money out of loans then they should reward those who borrow (Read 769 times)

OP, the owners of this banks are out for serious profit too, so you don't expect a bank to give interest to a borrower if I may understand, financial institution has many business then run apart from borrowing people money through loan facility, though banks are not helping matters in terms of their interest rate but their are thing you don't expect to happen just like that, I know that many people are tired of banks due to their lapses but I see it as a personal thing, if you are not comfortable with the system, the best thing to do is to do your thing without involving yourself with them that's if it is possible.

One should never take a loan from a bank unless they know that they have a stable source of income and can repay the loan on time or they know that they are going to use the money to start a business that will earn them enough money to repay the loan in full because if you stay indebted to the bank, you will not be able to clear things easily because of their systems and everything which is the reason why most people hate the traditional banking system.

It is also not easy to get a loan from a bank, they have a bunch of requirements from you when you ask for a loan, and you will barely be able to fulfil all those requirements. So in my opinion, it's much better if you can take a personal loan from a person you know who can lend you the money for no interest or a fixed interest for the specified repayment period.

A motorcycle can still be used as means of transportation or he can use it to make money like taking passengers. He can also apply as a delivery rider. It's not only what you call as luxury item but it can also be an asset to make more money.

If we have the same item and they are still functioning, it is still not wise to buy again or buy a new model. Also the item doesn't needs to be branded. We are only paying for the brand there but other non-branded stuffs can still perform the same and even better than it. Loaning to be used in a business sounds much better than the other but we should not be deceived by it, since doing a business is not easy.

I know that and this is where I think it is improper to ask for them to be rewarded just by using credit or debit of the bank. Firstly, it's important to understand that debt is not the same thing as using one's own money to buy something. It's unreasonable to expect a reward for paying off a debt, let alone to expect a reward like the debt to be waived entirely. Such a request is illogical and nonsensical.

If loan is so bad why take loan in the first place?

If the banking system is fraud like or just so wrong, why take loan?

I know people like this, they are many in this world today, they only know how to blame someone or something when they are not getting their way with it or with them.

After taking loan and wasting everything away, now the banking system is so wrong, this is a stupid accusation, if you hate loan just like I do, stay away from loans and banks.

You choose to keep your money safe using the banks, they have every right to use your money if they want, the only problem you can have with them is not getting your money when you need it, that's their job, to keep your money safe for you, if you can do it yourself, then withdraw all your fiat and take it home.

TBH, I don't read articles that much, but damn!!! I don't have time to read a wall of text like that. At least make some double spaces OP to at least make your post cleaner.

I didn't read the whole thread, and just focused on the first part, but banks will not reward those who will borrow. Oh, yes, they will reward those who are borrowing with some points called "credit points" which increases your credibility whenever you're borrowing. Well, I don't know if it's some kind of helpful because I'm not borrowing on banks, but it might be for those who are using the banks that much to get a loan.

As for OP, just forget about ranting about banks and just focus on your life. Don't think too much on things that in the end, will not happen. Have a life and focus on it. There's this thing called "FRACTIONAL RESERVE LENDING" where they can just lend your money to others until your $10,000 will become $100,000 just by lending out your initial money. Kind of funny how it works, but that's the reality.

no they dont
bank loans PRINT NEW MONEY

to explain more simply

imagine a bank has 10,000,000 customers saving an average balance of $25k each
that balance STAYS in customers accounts (total $250,000,000,000)

however banks separately get to create an allotment of ~ $225b(90%) fresh money limit it can give out to credit/mortgage applicants

they dont hand out depositors savings.. they dont hand out this fresh money total per year. either
they have to balance it out.
instead they can only send out a certain amount per year to keep the separate total balanced and equitable compared to the pegged depositors balance that allow this separate total to be made

EG for mortgage applicants that want 15 year mortgages, then out of the $225b pegged reserve, a bank can only offer $15b total per year. this allows banks to offer upto $15b a year each year without exceeding the total pegged reserve new money balance they create

by this its allows for mortgage payers to make their payments per year to refill that allotment over the years whereby at the 15th year the total back into the reserve is back to the $225b (plus more for interest and other fee's the bank get to keep)

the money used in loans is the banks own creation.. based on a pegged rate of its depositors average total holdings

banks do require bank customer deposits to then be able have the separate fresh money pot. but its not the depositors own funds that get taken out of accounts and given out as loans.. its like a secondary pot of fresh print. that goes out but must come in as repayments to cancel out the print that was created

EG
imagine your wife has $100 in her hand. and laws allow you to create a new $90 bank note to loan out as long as that someone repays $99 in X time for you to then balance your creation and allow you to then loan out again your creation.

EG
if 10 people want a loan of 10 year repayment (1 person per year) they can only get a loan max of $9 each where by the 10th year the total should return the $90 total(plus fees, interest the banks get to keep)

you are not using your wifes $100 to give as loans. but her existence of having $100 allows you to create $90 under safeguards and loan conditions that you hope the repayments rebalance the books of your $90 creation when the loan term completes, for you to then loan out your creation balance that pegs to your wifes holdings

Yes, this is none of our business, they make a profit from lending money that people save to the bank, that's how the bank system works and if we don't have trust in the bank then it would be better for us not to save the money we have and I really agree with We would be better off investing the money we have and not saving it in the bank if it is not profitable for us.

As savers, of course we have to be aware of the rules given by the bank and if we don't like these rules, it would be better for us not to save the money we have at the bank.

I don't know what country you are from or how your financial system is set to operate, but the thing here in my country is that having a stable balance for a certain period of time can generate rewards.
 
The rewards might be less than what they earn from your money by using it to do business, but we have to understand one thing: they need to make money in order to set up a system that will keep those funds you left in their hands. They also need to pay tax, rent, and salary. All this is coming from the profit gotten from a loan given to customers.
 
If you want to save in crypto, you are free to do so, but just take security very seriously. If any staking platform that promises you a high ROI runs away with your money, you can get them anywhere, and that will be the end of it. Learn the kind of ROI you chase. Any one promising a huge return is likely to be a scam, and you can lose your money trying to chase money.

yeah its silly, even trying to get loan from bank is kinda complicated already if someone is not really willing and consenting then they definitely aren't gonna be getting any loan.
if someone falls into debt, its certainly because their own fault, if there's any slight risk that they can't pay off debt in the future they should know better about the risk management.
bank exist to lend money, with accompanied risk of course, so that it can get some interests back to their hand to grow the money.
people in the other hand, should know better that these money aren't free money, its a money that need to be paid back and most likely double of the amount if the credit term is long.

I don't know the country where you reside because in some countries despite the banks making money through loans the people who also request for the loans get a reward from the loan the requested for although it's not from the banks.
Most of these loans are tax-free by the Fed and the idea was introduced as a way to make them print more money.

This is quite possible for some people because I myself have also come across people like that who are actually willing to get into debt just because they want to show off their new items to other people around them. And I think that's really bad and not good at all because the benefits are non-existent and it can create debt for ourselves, which in general is not very good.

This is only useful for people who know how to manage and optimize offers from the bank, but who don't know how to manage and optimize what the bank has to offer. Of course it will not be easy for someone to make a more advanced development through themselves so that someone will only be chased by the bank when they cannot pay off the credit that has been given by the bank.

Do you still know what you are saying?
If your friend and other people are full of debt that is because they are not responsible and probably want to show off to other people their new stuff and didn't think about their financial stability.

Banks provide numerous benefits, especially through their credit card offerings. If you are knowledgeable about how to manage and optimize your credit card usage, you can take full advantage of the generous rewards they offer. These rewards are an incentive for customers, and you may be missing out if you are not keeping up with their latest news and updates.

This one really shows that op doesnt really know that basic concept on how banks do works and even in other business as well. We do know that Banks are businesses too on which if they do make money out of
peoples money then so be it and its none of our business on how they do make those things on which the important thing on here is that you do already know on what to do. If you do hate banks
then better not to save your fiat into those institutions but rather you would really be focusing on trying out to make investments or businesses on which you wont really be able to store up your funds
into these places.

As a savings or depositor, then why the heck you would really be asking for more rewards? just because they do make huge money out of your funds?
You dont have the rights to say that.

You fail to grasp some really basic financial concepts, yet continue to make broad statements like you have a clue about the topic. It's like saying "Apple makes money from iPhones so should make their phones cheaper" or the same analogy with coca cola. The basic logic is missing entirely. Banks make most of their money, profit, the thing they are encouraged to make by theirs owners - the shareholders - and not random strangers like you who don't understand how basic economics work. Besides that, bank shares will make up a fair proportion of retirement pensions, so it would also effect every single person who saves that way if they did.

This is exactly what I am saying, taking loan must be last option. My father used to tell me story about his bank loan which he took for buying a motorcycle, he find it hard to return it and advised me to stay away from bank loan. So I am from very beginning an anti bank loan type person.
Taking loan to meet your luxury expenses like buying iphone is foolish act and must be avoided on all cost. But there are cases where people took loan for starting a new business and returned after successfully launching the business. Try bank loan if you can manage it otherwise stay away from it.

If loan can be avoided then we must really do it so that there's no large part can be taken to us and we will not face the hard consequences of bad decisions we do for taking those loan.

Its important for us to know how to manage our finances also avoid those luxurious things and other important matter that doesn't contribute anything to us so that we can live free from having a bad credits came from those bank institution.

But if we can't avoid to take those option much really better if we use the borrowed amount in good way like increasing the size of our investment on the business we create then from there for sure everything will be fine on our end with doing this decisions.

I am personally very much against taking loan from banks because they take too much in return. But this is also a reality that banking system exits for centuries and people are taking loans from banks ever since they start giving it. There must be some benefit in bank loans that's why its in business for so many years? Like people are taking loans to start a business and if you utilise that loan with correctly in running a business then one can easily return that in due time. Taking loan from bank is better then asking money from people.

Yes, that's right, totally agree with your opinion. Banks are smart businesses for themselves, but not good for their customers. Banks don't actually keep customers' money, on average customers' money is diverted for credit and savings elsewhere. If there is a large withdrawal, they often don't have the money and even have to wait for days. Not to mention that there are administrative deductions every month, the bank is indeed unfair to customers. In fact, if we want to examine more deeply what actually happened, it tends to lean a little towards conspiracy. There are many irregularities related to the world financial system. So now don't be surprised why Bitcoin was created, because the banking financial system is not very profitable for customers.

Interest, fees, and the tiny print that keeps people dependent drive banking profitability. You accurately depict the constant pursuit of materialism fueled by debt, yet the switch to crypto is a measured step toward sovereignty.

Cryptocurrencies are a financial sovereignty paradigm shift, not merely a way out of banking. The decentralization of blockchain empowers individuals, not institutions. DeFi is still young and not a cure for all borrowing requirements, but its rapid growth and innovation indicate a future where financial intermediaries are optional.

Reluctance to accept crypto as a loan alternative underestimates blockchain solutions' adaptability and innovation. It's about redefining financial independence, not just replacing systems. Our willingness to shift and learn about crypto solutions is the difficulty, not the availability of crypto solutions. Our ability to negotiate the decentralized future of money will improve as we identify it.

Banks are a business and they have to make a profit to pay their employees. It becomes a problem when they misuse the system to create "money" from thin air. (Fractional reserve banking)

The government are actually the real problem, because Reserve Banks determine the interest rate that are applied to loans and Bonds. (Governments use interest rates to manipulate the economy and to balance their books)

Banks are just the tool..

I can see where you're going at with that statement but think about this, if you've got a million customer and you will give them all 100 dollars as a reward for borrowing, the 100 could be in any form but the point I'm trying to make is that you're going to be spending 100m USD for them, which isn't a bad thing but it can be optimized so there's no system abuse like only giving rewards for loyal customers, now that's going to be much better because you don't have to spend a lot to reward and no abuse can happen.

So, the borrower gets rewarded? Then, is it the depositors who have to bear that reward? Or should the bank, as a third party, bear that reward? Actually, the one who benefits here is the borrower. If they don't like how banks make money, they'd better not borrow from them.

Someone who feels helped but still asks for additional rewards and doesn't want to pay interest? It's better to save on your own by creating your own bank.

We know, their ways can be tricky, but they've got the loan market under their control. Instead of fighting with our small capacity, it's better to play along with their game.

I don't care about this attitude. If I do what you're provoking me to do, I won't be able to pay my monthly bills, I won't afford my installments, and I won't be able to enjoy vacations in my own country. Crypto transactions can't be done here. And the cashless culture has to go through banks.

Just think, there are still lots of people who will borrow money from banks, even if you stop using banking services.

if we think about the customer and the bank, both can be equally profitable, because the bank has given us a loan and they also have to make a profit from the loan, namely the interest they have set, and the bank only gives gifts to people who have saved because from there the bank can get capital to give to borrowers, even though we currently have an electronic wallet, we need capital to activate the wallet and there we can only save and the current loan system does not apply to electronic wallets, so banks are still the main priority that we have to use.

No matter what, we will have to accept the fact that Bitcoin cannot be used as a bank just yet despite it providing us with the ability to keep and manage our finances. There are a lot of other things that we need to do and we will still need to use conventional banks for those purposes.

The biggest reason for that is that we can't use Bitcoin and Bitcoin wallets for payments everywhere in the world, so we are compelled to first exchange our Bitcoins for our local currency, receive the money in our bank, and then withdraw through the banking channels so that we can use the money for our needs.
When we talk about loans, though they ask for a lot of requirements and paper work and stuff, conventional banks does provide us with loans charging us a lot of interest but we at least get the funds we need either for personal or business use cases.

Bank already appreciated their costumer by giving gift and reward but only for the user have or saving much money in the bank, seems all bank around the world adopted with this system earn money from the loan but less appreciated with their costumer about how much profitable earn and has enough fair for distributing to their user. Actually not all user are agreement for receiving the gift due some people only take benefit when holding or saving their money in the bank has more security than holding the money by own self.

There are not difference kinds of assets saving, seems the same when saving the gold the place of saving service will take benefit with our assets to be as profitable and loan to the other. During our money keep safety and already whenever we want to withdraw actually not problem yet with  Bank take benefit with our money holding in the bank.

If you are the way how the banks make their money, then they can't reward you for that. The banks rely on a largen number of people and companies needing more money today than they have. It doesn't really matter if you need the money for buying a house, some consumer financing, a student loan, etc. As long as you pay the high interest rates each month you are a great customer for the bank and they are happy to keep you. But this is not going to lead to any reward, except that our credit rating will fall. It's hard to learn how to become financial responsible and only use the money that we have. Especially when things like buying our own property becomes almost impossible without using debt. Crypto currencies might be an alternative on how we are investing our money, and how we make payments and transaction online. But right now, I don't see the crypto world taking over the huge demand for loans. At least in my country there quite a lot of people that rely heavily on borrowing money and will not change any time soon. Having the newest cell phone, the newest car and the best clothes is very important for some people, and they are willing to pay back loans for years to have those things.

Conventional Banking System customers are already deprived. They had no way out of that mess. But since the advent of Bitcoin, people have got a chance to get out of that trap. Now they can be said to be financially independent.

There goes the analogy of how a bank can normally charge more money from a customer. They try get much more form the client's pocket by lending. Consumers also have nothing to do but after acquiring bitcoin power, consumers are able to understand them. It can be said that Bitcoin has now become stable in financial transactions with maximum benefits to the users.

This doesn't just talk about the price but how they try to appreciate consumers by giving them gifts even though the price is not much. The ones who benefit are still the state because they are the ones who manage it and other benefits are that entrepreneurs can use their services to transact between countries in the business they are involved in. As I said before and if the use of banks is for the smooth running of business it is not a problem and the most inappropriate thing is to keep all the money we have in their place/bank.

If we talk about revolution, the previous people had done the traditional way and they didn't use banking services but instead bought gold and land tas a replacement. Now the era has changed where most of us prefer to buy bitcoin to save as an investment asset. The development of the times provides many choices and it all depends on how someone takes advantage of the opportunities that exist.

What rewards do you mean, don't banks give free prizes to their customers such as cars, vehicles, gold, money/balances and even the smallest rewards, so what do you mean about rewards.

You need to know that banks are sadistic, if you don't have an urgent need, don't ever deal with banks, many people are miserable because of bank loans, My understanding is that the bank does not choose 1-2 people to give rewards, they openly make a lottery to take home to their customers, I think they have given rewards to their customers.

They offer electronics, motorcycles, and vehicles as carrots, but what are the true costs? People, it's not about the awards. It has to do with control. They are in charge, setting terms and depleting resources. Yes, the state supports them with laws in place, but who gains? Not your typical Joe, I assure you

We are not shackled to this antiquated framework. We have the power of choice. Let's talk about Bitcoin. It's a revolution, not merely a substitute. Peer-to-peer and decentralized, it is not bound by conventional banks. It's about accepting a future in which we are in charge of our finances, not about sidestepping the system. Listen up, entrepreneurs! Bitcoin is your pass to financial sovereignty—it's not simply an option. Take the whole loaf, please, rather than just the bread crumbs

All of us may be victims of the banking system, but they are not cheating because the state guarantees the continuity of the system with regulations. The view about fraud is only the way they manage it and they suck all the blood of the people who are connected to the system. You know what prizes they give to customers who save money in the bank and it's nothing more than electronic products, motorbikes or cars and for the prize category it just depends on how much you save in the specified period.

Everyone does not need to follow the banking system if they think it is not good and not profitable because someone has the right to choose a path that can provide productivity with the money they have. However, business people or some entrepreneurs still need this system to support the business they run and banks are the delivery medium that they still need now.

The reward that they're giving to their borrowers is the idea that they can borrow easily next time. And that's the type of perks that many people likes and when they've been handed over the money that they've taken as a loan, they feel like that they've been treated like a boss entering to the bank and treated like specially. Well, that's the system and it cannot be changed because that's how the business works and while there can be a psychological impact and flaunt that you're treated well by the bank, it just makes you wanna take more loans from them.

There are lots of things you need to know and understand carefully before you takes law into your hands, at first bank didn't asked you to come borrow and even if you borrow you must remits your loan to bank and by the way those money they loan to you is also someone else savings which they put in savings account or anything other account that such money won't be needed anytime soon and they can use it to run a business for themselves and gives the owner of those funds some percentage which I can't give exact ratio.

On a norm bank has been existing for several years and cryptocurrency and bitcoin at large doesn't come to compete with bank or even to chase bank away it's us the user who is now seeing bank as an anti finance or people who are milking their customers hence they prefer going into crypto. Have you forgotten that without bank crypto won't exist today?

Yes I mean it, bank and crypto works together because you can't Cash out without going through bank and of which you have an account with any bank enable you covert your holdings to dollars or local currency before you could be able to spend, you can get ride of with bank if cryptocurrency has been legally adopted as legal tender which can be used for exchange of services and goods.

While I do agree that the banking system is quite unfair and incorrectly implemented, we can not just deny how some people were also helped by banks

The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit

Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in

the majority of those who provide income from the bank are entrepreneurs who borrow money to develop their business. and the loan is a large nominal, the second is that the property world also absorbs many customers and the nominal is large. while those for consumptive usually mostly become bad credit this mean incraese NPL nonperformingloan

The person who settled the borrowed money on time was rewarded. What used to be the reward were some loyalty points that could be used for shopping. Apart from that, there are some discounts when using the card at specific stores. The same is true when paid late, What used to be the penalty? The borrower needs to return it along with the interest. There are few banks that provide interest-free loans and don't levy interest on savings maintained at their banks. This bank can be seen much in Islamic countries, as they believe that giving money and getting it paid along with interest is against the Quran.

The only way bank can reward those who borrow is by reducing the interest rate for their customers just like my mate here has said it,I totally agree to that.
 But why would banks even think of rewarding their customers that borrow from them?I usually tell myself that bankers are thieves.I really believe they are thieves because they take advantage of the same poor people that patronize them.They loan money to poor people,and expect them to pay back with huge interest rate meanwhile they take or borrow our money that we deposit into our back accounts and loan to people without any interest given to us isn't that cheating,well they will say it's not part of the banking ethics and professionalism.Its so complicated and unethical and there ain't any reward coming from banks.

Why is it so complicated? Meanwhile, the borrowers have provided everything necessary to those who want to provide loans through correct procedures and not out of compulsion. Borrowers who are willing to pay on time need to be rewarded very well because they do not break any rules, but borrowers who always look for excuses to pay late clearly do not need to be rewarded because they may have bad intentions after successfully borrowing from any party.

This idea is successfully implemented on social media like twitter, youtube etc, But the governments are reluctant to apply the same. They want to treat us like money making machine for them and they have been doing so for so long. And no matter what the public thinks, they are not going to change their rules

You've got a point about credit card rewards – they do sweeten the deal a bit! It's true, the whole idea of rewarding borrowers is a bit of a tricky balance.

And you're spot on about focusing on what we can do in our current situation. Blaming won't get us far; taking action is key. By the way, if you ever need financial advice or insights, have you thought about reaching out to a Mortgage Broker in Newport? They could offer some guidance tailored to your specific situation.

I don't know who is to blame for the fact that poverty exists. It could be policymakers, as you said, or it could be those planning the education, or both. But for us regular people it's more important what we can do in the current situation to not end up in poverty. Blaming others is hardly a solution. Rather, we should try to find a way of making money for living right now. not when the world "will be changed for better".

This has also been on my mind. Ironic that banks benefit from our loans yet give little in return? I often wonder: What if banks rewarded borrowers? This proposal could make our financial system fairer. Despite our disillusionment with banks, crypto adoption is rising, offering optimism. I believe cryptocurrencies can democratize finance. Bitcoin represents financial freedom. It empowers, right? We're now architects of a new system, not passive players in a defective one

It goes beyond escaping regular banking. This is about accepting a more controllable system. Bitcoin gives me agency that banks never did. Isn't it refreshing? As we explore cryptocurrencies, we realize we're pioneers in a financial revolution, not victims. This significant change inspires me. Take control and change our financial future. Supporting Bitcoin feels like the right move toward a fairer financial environment

In this case, the bank will always benefit from those who save their money in the bank and they get very little benefit from saving their money in the bank.
The bank uses customers' money to provide loans to those who apply for loans and earn interest on the installments they pay and when customers who save money want to withdraw large amounts of their money, they must prepare data according to the bank's requirements and must complete it to can withdraw the money they save, so there is very little profit if we choose to save our money in the bank and only the bank makes more profits.

I'd rather call it luring promo than a reward, I know there are banks who are rewarding their client with such privileges but most of the time they are offering it for you to get a credit card with them, from getting a credit card, you already owe them their services and product and so they are free to charge you almost anything they like, if they surcharge you after using it in grocery for $0.50 you'll probably won't see it.

Banks are really tricky, if you don't read any papers they will hand on you, you're trapped. Are you talking about those colorful umbrellas they are giving away? haha

I don't think you're getting what Debt means and why banks don't reward people who take loans.

The thing is that they do, and that is the grant of your loan in the first place and the increase of your loan limit in the following instance you take up a loan again after you've paid your first. Banks are not government institutions but are private entities that have their own businesses to keep running. If they dilly-dally and just give everyone the money that they want and need, even after taking out a loan already just as what you're trying to say here, then they'd run out of business and the money that they provide to users will dilute the market causing a massive inflation. Banks are in this precarious position of being a private institution that needs to keep themselves in check, and a government backed entity that needs to ensure they are keeping the best interests of the public and the economy in mind as well.

They don't help the poor people because they knew from the get-go these people will have a harder time paying the debt off than if they don't have it. That's why they sometimes grant loans to businesses and micro-companies who have the vision and the capabilities. They wanna know and ensure that you're going to pay your debt off. That's basically it.

Bank have smart business with getting profit trough loan but there not their money, I have think with this cases how Bank earn much peofitable every years regarding loan interest from borrower but Bank use theit theor costumer for borrowing money.
Actually must be fair with profitable sharing between Bank and costumer save their money in the Bank, likely one side not profitable yet for costumer save much money in the bank but every months have to pay with administration fee but Bank earn benefit with costumer saving money to make it loan.

Technically, Loan sharks who will lend money to everyone because they know how to collect them back and they will no matter at what cost and imagine if the borrower has no money at all then the lender will make money by selling the organs too if necessary.

Banking is just a business so they are not running a chartity program I wouldn't call them unfair if people do not meet their criteria and if we need someone to blame then policymakers are the reason why poverty exists.

Exactly. I mean, if you are in your right mind. You can always borrow from some gangsters, but you know what is going to happen next, most likely. And you are right, banks don't help people who are just poor. Maybe it's "unfair", I don't know, but it is like it is. OP thinks the rewards to those who borrow from banks must be bigger, well, I used to think the ice cream must be cheaper when I was a kid.

It is so easy to blame the system than making an effort to squeeze the better out of it that is why OP chose the easy way for not becoming financially successful. I am not a supporter of the banking system either because they are the one fooling the people in the first place but when we need loan there is nowhere to go other than banks which may be hard to accept but that is the fact and banks only help people who qualified in certain criteria not just every poor.

If the banks rewarding the borrowers instead of charge more money, the banks won't offer loan in the first place since they didn't make any money. Banks isn't charity, they're not your brother or parent who willing to give their money for free without hoping the money will back to them.

What about this, I take $5K no collateral loan from you, I will pay $5K, after that you give me additional $1K as a bonus.

Yup, that's a part of their rules about having an account with banks, They will automatically blocked your account especially if it is dormant or inactive. Same on your opinion, seems like they will easily kicked you out because they have nothing to gain from you and when it comes to reward, bank will give you a super little percentage of gain interest from the money that you've deposited to them which is totally not worth it.

I don’t really read all your content, but with a little understanding, you are discussing banks. You are trying to suppose crypto. We understand that, but the same thing: you can't spend your money and still have it back. You are trying to suppose cryptocurrency and hide the truth. Even the crypto you think you have to go back to and stop using banks is still the same thing in crypto. If you spend your crypto, you will not get anything, and nobody will pay you out of what you spent. If you spend your fiat or crypto till you work for another one to get it back, why will the bank pay you when you have already spent what you have in them? I don’t think that makes any sense to me.

However, I think your friend should blame himself, not the bank, when he was spending his funds. Don’t he think the money will finish now that the money has finished, and you want to put the blame on the bank? That is not fair, man. I think you should understand that debiting is not crediting, so therefore your friend should go and work for another fund, and you guys should stop blaming your bank; it will help you guys. Don’t force your friend to engage in crypto. Remember that saving money in crypto is not the same as saving money in fiat. If you save money in crypto, the market is volatile, your Mooney may be decreasing, and you can’t control your money in crypto.

You changing to cryptocurrency completely is unbelievable, man. You want to tell us you are not using fiat banks anymore? I think your post is just for the sake of merit, not reality, using only crypto as a means for payments. I don’t think I’ll believe the reason is that I haven’t seen a country where they accept crypto as a means of payment, even though I don’t know yours.

I wanted to say the same thing. In short, if you know a better economic model for banks than the existing one, open your own bank and start making money, mate, instead of complaining. It's better than to be just grumpy while doing nothing. Learn economy on high level(it's hard, I must warn you) and beat all the current economists, and not only me but everyone will wish you success in that.

Don't banks already do that with the credit cards? Where the more you use the bank's credit card then the more they'll reward you with something like flyer miles? Don't a lot of banks with credit cards already do that, they even have perks where you can get some rewards when you shop on selected stores when you use credit cards. But I get your plight, the problem with rewarding the people that loans in a bank with something is a tricky situation because you can't be too crazy on gifts but at the same time the gifts should be appreciated and sometimes they don't have time for that so they just don't do it.

The banks rewarding the borrowers? Are you kidding me? The big retail companies like Amazon are making money out of the online shoppers. Do you think that Amazon is going to reward the online shoppers? Do you really understand how capitalism works?
The banks are making most of their money via fees, commissions and dividends from their investments. The loan interest rates are a part of their revenue, but not the biggest part.
Burning your house, which is under mortgage won't change anything, because the bank will sell the land under the burned house and in most countries, the borrower has to repay the rest of the mortgage loan, even after the bank sells the property.
When you borrow money, you have to play by the rules, that were set by the bank. There's no way around this.

The premise of the OP is flawed, since any company including banks do in fact offer small rewards to their customers for using their credit cards and other forms of loans, however it is mistaken to think all of that money should go towards their customers, otherwise how is any business going to survive? Also the act of shifting the blame is very attractive as people can blame the greedy banks instead of themselves, but this is counterproductive, because if a person thinks that then they will never learn to manage their finances as they should, and they will always find themselves blaming others for their economic troubles.

Yes, most people are victims of syndicates by banks.  People take loans at risk and banks take advantage of it.  Charges interest on every sum.  It is really disappointing that banks have increased the charges without informing. Almost people are turning away from banks now. Banks have bankrupted many people. Maybe people would not have been so disappointed if they had given good service. If they gave a loan, some interest would be charged on them.  It is normal but they charge compound interest which ends up killing people.

if you say that creditors should get interest on their deposits, that makes sense, but why do banks need to give rewards to borrowers? it doesn't make sense, because it's like you're giving money to someone who borrowed money from you, very funny.

and you said that you closed your bank account just because you were dissatisfied with it and felt that you were a victim and went full crypto now, is that so BS? i mean, at some point i also didn't like the banking system, but up to this moment i still use it and still believe that banking makes it easier for me to meet my various financial needs. and here you say that you threw away your bank account and went full crypto, that doesn't make sense. even to withdraw or deposit crypto you need a bank.


it's not the bank's fault, but your friend's fault in the first place who is shameless about his debt. did he not read the agreement at the start of the loan? there are various things explained about the loan status. if he fails to pay it is entirely his fault for failing to fulfill his obligations. don't play the victim just because you can't afford the loan.

Bank and the ecosystem are corrupted no doubts but at the same time cryptocurrency is not at a level right now to provide a complete solution which the banks are giving to people. You don't get much in return if you stake your money in banks but that's not the only thing banks do. For instance, you need a loan to grow your business and you have no money but some properties that you are not willing to sell. In this scenario you can ask the bank for a loan by keeping your property as a liability. If you become successful with your investment you can pay back the bank and for this service banks will charge you. I don't have any bank account and I don't think I ever will but going against the system is not going to be the best idea right now.

Bitcoin was initially created not to replace the bank but to provide decentralized services to people who hate the concept of bank. Maybe one day it will replace banks but Bitcoin is not yet perfect to do that. That is why we need a way for both of them to coexist. So that we can take advantage of both of them.

It's better for us to know banks for what they are, some called them big time extortionist, while some say they are corperate financial loot homes, they are making alot of money from the same money me and you deposited with them in the bank when they make business with them and return nothing to us as interest, yet they will demand for an interest over the ones we lend from them, aside the charges they deduct from having our account with them as banks, I don't know hiw it would have felt if there were never an alternative like cryptocurrency to serve as substitute for using banks and their fiat.

What? You borrow money from the bank because you need it. And that's the service they provide. Why would you expect a reward when you benefit from it cause you got the money you borrowed in a short period of time. It's just that, in return of lending you money, they add interest.

It's a different case in Bitcoin. You get into Bitcoin for the purpose of getting a "reward" or profit from investing in Bitcoin. But if you're the one asking banks for money, why expect a reward? Unless it's you who's depositing money in banks cause they offer small interest (tho it's not enough to consider as a profit). It's the person to blame if he is getting into such a huge debt from banks because he didn't manage his finances well. And it's not banks fault because they did their part lending money to customers who needs it. You accept the terms and it's your decision to take it. It's just normal for banks to add interest if they lend money to people cause why would they offer lending services if they'd be getting nothing from it?
 

Loans, are people's need for money that they lack at some point. And that's what loans are for, for which you pay interest. The bank HELPED the person who was short of money. And you think the bank should be thanked for helping the person/company?
Maybe doctors, agronomists, and cab drivers should pay you extra for providing you with the services you need ?
Besides, you do not realize that interest for loans is the interest that the bank pays to those who put their money in the bank on deposit, and a part of it they keep for themselves - for the provided service and servicing of the loan. If you do not like bank loans - borrow from a neighbor/friend/acquaintance, and say that he still owes you a thank you for this, and then tell here what your neighbor/friend/acquaintance will answer you ?

By the way - you do not want to give me a loan, without interest, and pay me a reward ? No ? Why not?

I agree with you because a bank is a safe place to save all your money without rubbery and whenever you need the money you will get it without any problems. Banks give loans to make money because people who save their money in banks don't have anything to do with it, which is why they keep it there, and banks use the privilege to give out loans and charge interest when repaying the debt and making money. Anyone who runs a business does so for profit; running a business and not making a profit is a waste of time. Some people have stated that they lock their bank and concentrate on crypto, You mean you don't have anything to do with banks and you use crypto to pay all your bills, when you're in a country that doesn't accept crypto as an exchange how did you do, I didn't believe you because anyone that is business or investment needs both a bank account and a crypto wallet to save your funds.

Anyone who is in debt to bank is not a victim they were never get scammed, Bank is always transparent with their terms and condition, it might be tricky but it's always written on paper. If they can't pay their debt then they just made bad decision not a victim in any way.


With the exception of people who lived in a country where crypto is a legal tender (which is extremely rare now), I doubt that anyone is going full crypto. You will still need to exchange your crypto into fiat to buy stuff. And then except that you do all your crypto to fiat transaction in peer-2-peer in person, you will still need bank for money transfer when you exchanging your crypto to fiat.

Banks are companies. Companies are setup to make money, not act as charities. Taking in savings and paying interest on those deposits is the reward that they offer. People who are borrowing money sometimes don't pay it back and there is an "opportunity" cost on that money as well, where banks could be putting it into different ventures. The rate that banks charge is not pure profit, sometimes it has to offset losses and any administration involved. They also have to pay all their staff out of those profits, besides that borrowers are free to shop around for the best rates but there is definitely a floor to what banks can offer. You have not come up with some miraculous brainwave, rather you don't understand how banks have been working for hundreds of years.

its not as simple as the OP describes

banks dont use customers savings funds for mortgages directly.. the mortgage amounts are new money creation

however because a bank holds say an average of $25k per savings account holder. they can leverage that holding
they are allowed to create new money allocations upto 95% of money held

EG say a bank holds $5trillion in peoples savings.. (~200m people average saving $25k each)
it can generate/print another $4750billion. and spread that over upto 30 years mortgage timeline. meaning $158bill a year of mortgages can be generated/agreed each year(~3.16% a year money generation/printing)
and with the previous 29 years of current/outstanding mortgages making their repayments it refills the allocation just enough to allow $158bill next year
without touching bank customers savings accounts
if mortgage payers default. banks sell the agreement at discount to private investors to refill the allotment, and the private investors(debt recovery) then chase after unpaid debt which aims to keep the overall money creation allocation at 2%(after losses).. though this last 2 years has seen other money printing methods that have caused a 7-11% inflation, as oppose to the aim of only 2%
..
separately banks know not everyone spends all of their income/savings by withdrawing month to month. so banks put a certain fraction of those customers savings reserves into bonds/investment. where they make their interest profits

its these 'bonds' that are invested and given interest which touch bank savings customers value. which because its government bonds the government insures bank balance upto a certain limit of the FDIC.. its also these bonds that earn banks profit on the bond interest which the bank then give savings account holders a small amount of as "savings interest"
..
the funniest thing is, its actually credit unions that directly hand customers savings account balance out as loans

Don't compare banks and cryptocurrency directly but you can compare banks to exchange because they are both looking to make profit. Banks generate their profit from the customer through means that is not only loan and likewise exchanges do too. But cryptocurrency is not in itself made for interest or to generate profit but for the ease of financial transactions or option to payment system, so to compare banks that is established for profit purpose to the use of cryptocurrency will not be good measure. If you transfer your crypto to exchange or out of your wallet, you are also changed fees.

"If Banks make money out of loans then they should reward those who borrow" - this directly contradicts the idea of entrepreneurial banking. If the goal of banks is to earn money, then remunerating others is extremely unprofitable for them. Banks would rather reward themselves.

You can't wait for this.

But your friend is a voluntary victim of a fraudulent scheme, that’s the nuance. Nobody forced him to go to the bank.

The fact of the matter is that the traditional financial system cannot exist without banks. Banks will always be needed by someone. For example, a loan to start a business. Where do these businessmen get money to start their own business? Should them lend them from you? Will you reward him for borrowing from you, as you propose to do to banks?

If you don't want it, don't use it. What is the problem.

The funny thing is that binance is becoming a direct analogue of banks in the field of cryptocurrencies.

This will already be damage to property owned by the bank if your friend does not pay off the mortgage and the house does not become his property. With all the ensuing consequences.

When getting involved in a game according to the bank's rules, do not whine that the bank changes the rules at its own discretion.

When anyone is capable or qualified to get a loan from the bank, it is certain that they will get a lot of interest from the borrower. However, if the borrower did not use the money lent to him by the bank in a good way, it appears that the bank is out of business, whether the borrower used the money for good or bad purposes.

Now, about: As for the OP's title, I think the bank can do that by giving rewards to the borrowers so that they will be more willing to borrow again when they have paid what they borrowed.

Generally if you are borrowing money, you don’t get any rewards. One reward can be they offer you a lower interest rate. However you won’t get any rewards by borrowing money.

If you keep money in the bank then they will reward you by paying you interest. Then this money they lend out and charge more interest. However depending on the bank, the savings rate is small. So most put it in a money market.

if you are talking about the increase in interest, well its increasing just for the sake of mantaining economy basically fighting inflation as well as keeping the bank from bankruptcy, I think people misunderstood how difficult sometime it is to select some people that are worth for the money and willing to pay back the money not fooling around refusing to pay their loan and mortgages. your friend are the ones that requested the loan as well as the mortgage so he should be financially responsible about it, its not about banks trying to up the interests without notice its just that you've agreed with such rule the first time you are requesting loan from banks.
otherwise if thats so wrong it will be considered breaking the law but we all know that what banks are doing increasing rate and all, aren't breaking the law at all.
things might be unfair but thats just how it is, the banks are risking money by borrowing it to you, so of course they demand interests, the ones that borrow the money should be grateful enough to be given the money and consider that as a reward.

You have made a good choice because those who have adopted the BTC technology or any technology in terms of blockchain have known that what is the potential of cryptocurrency over banks. How banks are manipulating us and keeping us in the matrix of debt via their debating card system where they allow people easy access to money via debit cards anywhere and people in emotions (in any emotion) without thinking overuse this facility and become a victims of the debt cycle.

There are proper ways, books, and education that each individual has to learn before getting into finance, I can say for sure you did not read all of them but you still know the difference between both and that must be because you have experienced this whole journey of crypto which is full of transparency and security with lesser difficulties and documentations.

And if banks started to give money to the borrowers then from whom they will make money and the borrowers are not the only ones they used the money of, overall, IMHO I don't think we can really go out of this matrix created by banking system because it has been there for hell lot of years now that people want to trust it blindly instead of competitors.

This has always been the case. You deposit your money to the bank and they use it to give out loans, and then they’ll get back interest on this loan (good amount of interest monthly), but will only give you a little percentage yearly. Merely buying the right cryptocurrency can give you gains not to mention when you actually stake it (borrow it). And if they bank owe more than they can pay, they claim bankruptcy and there goes your money. You see how the money is yours but somehow isn’t? If there was no cryptocurrency, I’d still detest the way banks operate the profit they give people who deposit… it feels better to even open a business than let them have the money.

Stop bullshitting.  We get that banks profit by lending money, but that dont automatically make everyone using loans or credit some kinda victim.  Borrowing can be pretty smart if you need to buy something big or invest in stuff, as long as you are responsible and make the payments on time. 

your buddy's got a mortgage to pay for his house.  Thats super common - mortgages tend to be long-term with interest lower than other loans.  Makes them relatively affordable for major purchases like a house.  If your friend keeps making those mortgage payments on schedule, eventually he will own the place.  And that can be a solid investment - he gets a roof over his head now, and later on he can sell the house for a chunk of change if he wants.

Instead of criticizing the financial system, why dont you offer some constructive solutions? How else do you suggest that young people who are starting in life build wealth and achieve their financial goals?

I know banks give rewards especially to those who use their credit cards. From what I understand, he is the one who got a loan from the bank, why is the bank being blamed for the misuse of money. Everything you borrowed, you have to pay because you borrowed money, that's why you got into debt because you borrowed, you should blame that on your friend. So he got into debt because he got a loan. You have a choice not to get a loan if you can't pay back the money you borrowed from the banks. All loans have interest, that's how it is because it's a business.

We can be here all day and debate about what is right, wrong and fair but to these banks the number one job and occupation is to make profits and they do not mind doing it over at the cost of their customers. Is it same banks that deduct money anyhow and unsolicitedly from our accounts that you want to give rewards? I do not believe that they will do this even if they know that it's the right thing to do. You can never trust these banks because most of them have their interest attached first before that of their customers.

I'm still confused how people comes up with this idea of Bank to be listed on the black list forgetting how most Banks has helped secure fund from the old days where money and resources are being held in their homes making it easy for thief's to penetrate and rob them.

Our money is being borrowed and used by the banks but that alone wouldn't make me stop putting my money in the bank. holding my money in Bitcoin or any crypto will have every tendency of not getting my money the right time due to its volatile nature or may even get higher than what was stored  but it becomes a 50/50 chance so without taking any risk hold your money in the banks when you might need them in a short time and invest in crypto currency the left overs which you can do without even when needs arise.

Congratulations on being demanding, like it's you who deserve everything. I bet that if you rent a house and the owner increases the bill you'll say that you are not going to become a victim and won't pay.
Your friend is not a victim of the bank, it's just that he wants money, but doesn't want to play by the rules, pretty much like people who go to a casino and tell everyone the system is rigged antd they were cheated. It's all fun and games as long as they win, but when they lose it's the casino's fault.
No, the bank did not cheat your friend. He knew the game from the start, just that after a while he realized how much it's going to cost him.

Banks should reward borrowers but they don't and your choice is to either accept the rules and become the borrower, or don't accept it.

Logically, they should reward their loyal borrowers, but if they start to reward borrowers, the throve of borrowers will increase, thus, making these banks loose more than they make to people who can't payback the loans.

One way I know they reward borrowers is to give free coupons and reduced interest rates for early repayment. It only gets better with more borrowing and repayment as one's limit increases and options for longer repayment periods become available.

What you need to understand that the board directors of most banks are headed by business men, investors and members who are in it for a personal growth. The banking system is like and investment for individuals, cooperatives and even the government to get richer.
It's said we were thought the banking system would get it's consumers richer when the reverse is the case. You can't complete take out a huge amount of your money, you get unnecessary fees deducted from your account and also you can be monitored by the government and your account can be freezed at any time.

Perhaps the language is misleading, but if you only look at its negative side, I think it does not accurately reflect the entire contribution of the banking system to the economy. I can agree that there are many traps in the banking system. The banking system was created to take advantage of users, but it seems to be a part of life. From the traditional things we know, it has its own problems, such as being too centralized and can be considered as control. And that's really a disaster if the leadership is dominated by people who like to dominate and dominate. People usually don't pay much attention and also consider banks as a hidden channel. Partly it may be due to perception. I know that some people still choose the banking system as an investment tool to earn % interest rates regardless of the inflation rate, but the general standard at present is that personally, when I know crypto, I honestly use banks, aviation is not a priority channel.

Borrowing money is that simple but to pay back is that hard to do so for those that borrow and pay back should be acknowledge
For a person to borrow money and pay he/she must have make good of it to extend of getting money to pay back in some case they will rather squander the money and might not have anything to pay back
Some financial organizations that borrow money have to go out to struggle and get something back in form of collateral
So for those that borrow and pay back should be rewarded for work done because it must have been hard work to borrow money and able to pay back

It is not about being on the side of the banks, but, I mentioned it in another similar context, mortgage loans work and have made society advance, what does not work correctly is the flawed environment that surrounds them, asking for a loan at "x" years for 3%, 5%, it is not bad, it is an opportunity that some like, or it is their only option, there is no other way.

It is the economy in general, the politicians, the governments that when financial crises come, the small lenders are what take the big hit, as happened in 2008.

That's how banking system has been and that's the way for them to make money and there is no way banks rewarding anyone.

But just wants to clarify if your friend has taken loan and he is in debt it's his inefficiency to manage the funds or he has failed in business or financial aspects. Let's be reasonable we know banks are fraud and just suck out money from normal peopl but at the same time let's not justify our shortfalls and failures on banks.

You're getting a whole lot of concept wrong here and it's sad to know that you've just displayed that you don't know how the financial systems work and you know little or nothing regarding how banks get profit from her customers.

Although most banks has their limitations but you should know that the primary motive of any bank is to make profit and so they render the services of keeping your money safe and creating ease of withdrawing it whenever you are in need of it. While your saved money could be used for business purposes like lending it out or even investing it in stuff, whenever you are in need of your funds, the bank always releases it to you which means that they are keeping to their side of the agreement.

If for any reason you take a look from a bank or acquire a mortgage from them, based on the agreement reached you are expected to pay off the stipulated amount and I feel that not reasonable to destroy the collateral you used in obtaining a loan from the bank just because you don't want them to cease it.

Banks serve a peculiar problem and bitcoin and any other cryptocurrency are developed to solve their own problem and so I feel that diminishing one of them just so the other could be seen as a better option is quiet unreasonable.

I really think that people should appreciate banks for the important roles that they play in keeping our money safe until when we need to spend it, they don't tell us that money is not available when we want to withdraw. Infact banks are the safest place to keep our money and have peace of mind that we won't be robbed or lose it, very convenient to pay for goods and services directly from our bank accounts. Bank accounts are more convenient to make payments from than crypto wallets, because every business person has a bank account but very few have crypto wallets, besides banks transactions are faster and cheaper than cryptos.

It'll be very unfair to borrow money from a bank and not have the intention of repaying, if the terms and conditions were not favourable, then why collect it in the first place?

Banks are crooks indeed but you are not right with your narrations, you are just contradicting this and misplaced facts. Take for instance, if you spend your crypto, will you earn again for it, that is how banks primarily work, debt is different from credit, and assets are different from liability, it's your friend who should plan well for his finances, and perhaps work more to be capable. There is no way banks will be paying you for what you spent (unless they run a promo) or when they borrow you money, and for the latter, you owe them and you must pay what you owe. To sign in for a loaning agreement means that you are bound to pay, and not only that, you are bound to pay the agreed amount and with agreed conditions including the specified time periods. Failure to do that means that you might be penalised.

Borrowing is not the same as investing, it is when you invest in the banks that they pay you, just as crypto will only earn for you when you stake or invest in it, not otherwise. Not crypto operators even do otherwise. But the issue with banks that you didn't talk about is the fact that they pay peanuts to the depositors' money with them. They cheat when money is in their custody and squeeze money out of people who borrow from them (what they use the depositor's money for). Well, it is our choice to continue keeping our money in banks, crypto and other investments are there for everyone now.

There is always a cost you pay for borrowing and that is 'interest'. If borrowing is made free the system would not be regulated and the lender might gain nothing from lending out his hard earned money. Even the banks pay their customers some interests for depositing their money with them (these interests often come if the money is saved over a long period of time). If on the other hand the customer wants to withdraw from the banks in form of loans, a higher interests rate is charged for that purpose. Borrowing is a choice,  no one is going to point a gun on your head to borrow against your will. You can decide to avoid patronizing the banks and save yourself some costs because the financial institutions are in for business. You'll get rewards from borrowed funds when the money borrowed is put into good use and you begin to get returns from it, Yea, that's the reward.

That is a choice and decision of the bank manager. It's not criteria, they help citizen store and keep their money to safety what do they gain in return? This is the part where giving out loans started. Instead of keeping the money in the bank without any good use of the money, they started giving out loans to reputable individuals and companies with percentages so that they could make some profit out of it.

I personally have no active bank account right now as my old account was closed due to inactivity and no balance for like 3 months I guess. My debit card supposed to expire by 2027 but yeah it was already blocked and that is how it works, once they get nothing from you they'll do the right thing. But it's okay I have alternatives like e-wallets not owned by a bank and a crypto wallet that is decentralized and doesn't need a bank as well. Banks don't like poor people therefore poor people don't have access to banks.

Banks offer time deposit, you can earn small amount APY by stake your fiat for a year or more.

Bullshit, I don't believe you can close your bank account, that's not possible since you're only allowed to withdraw all of your money and leave the balance settlement. Do you buy a coffee, pay bills etc using cryptocurrency?

That depends on the agreement, there's no change in flat/fixed rate, but if it's float rate then there's a chance, it could be lowered or higher.

I just skipped after this and stopped BS, if your friend is in debt means he took a loan and spent it wrongly, and if banks are making money then its their business and if you don't want to take a loan then don't take a loan but blaming the system after taking a loan and can't able to pay back.

Well, bank actually give rewards to people who utilize their credit cards and pay back the due amount on time and your credit score gets better so in future you can get loans for less interest.

Yes people are frusturated and mad no question about that ....but how the money is created was like this....you want build factory you go the bank and borrow money so then your factory was given jobs to people and then Money went in circlation thats how most of money was created at first place.
But yeah Banks should reset all the debts and debt forgiveness otherswise our world gona get ugly

Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I told my friend tell bank that it's a scam and his victim of bank scheme so all his friends tell Same now to their Banks and flahing front of bankers binance atm debit card.
Now the Even bankers himself might Understood ship is sinking and fastest they get on crypto and btc the better changes to save themselfes becouse this system not working i told my friend before bank Takes his house burn it down or beat up so the bank Will get broken House.
That's how it is people now Understood If they been treated bad they fight back ....
It's unfair they made mortgage rates higher without notice first so we are victims and If anyone struggle financially they now Understood it's the system and we all victims ....Same goes with cars people now smashing it up cars before give to financial swimdlers