Isn't it funny how most of society has to actually work for dollars, while banks just park free money at the Fed and earn 4% interest.
Or is it not funny, and we should boycott the banks?
Isn't it funny how most of society has to actually work for dollars, while banks just park free money at the Fed and earn 4% interest.
Or is it not funny, and we should boycott the banks?
Fed's federal funds rate sits at 4.25-4.50% post-Dec cut, letting banks earn ~4.3% on reserves. Banks borrow low, park at Fed, profit spread—system's design since 2008, not free money but risk-free yield. No boycott vibes, just mechanics.
Yeahhh we should boycott the banks. 😎
Banks and insurance are the ultimate businesses and it is because they are in a regulated protection racket.