The Banks Own You!
THE BANKS own you and your money! That’s effectively the claim of many individuals and groups who are promoting the idea of a fair and sane banking system.
For instance, did you know that whenever your employer pays your wage into your bank account, your money actually becomes the legal property of the bank! It doesn’t matter whether you’re a blue or white collar worker, as soon as your wage goes into the bank, it’s theirs! Not only that, but the bank can do whatever it likes with your money!
For more information on this aspect of the banks, we would recommend Positive Money’s (1) video course, which is quite illuminating: http://www.positivemoney.org/how-banks-create-money/banking-101-video-course/
With this in mind, is it any wonder that many people want a root and branch reform of the whole banking system?
(1) Positive Money is a not-for-profit research and campaign group. It works “to raise awarness of the connections between our current monetary and banking system and some of the biggest social, economic and environmental challenges that we face today.”
Date: April 9, 2013
Categories: Articles