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IPFS News Link • Central Banks/Banking

Banks are killing the world with YOUR money

• https://www.youtube.com, Sorelle Amore Finance

When you make a deposit into your bank account, you might think your bank has to keep it there. But this just isn't the case. Most banks work on a system called Fractional Reserve Banking, where they're only legally required to keep a tiny amount of your deposit in the bank. The rest they can loan out, or invest, in order to make the bank much more money.

So who are they loaning it out to? Well, to whoever they want. And that includes to companies that are involved in environmental destruction, land clearing, and literally burning other people off their land.


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