Thursday, March 26, 2020

Safe Haven turned Prison

Banks, at least for my generation, have been thought of as a safe haven to store your cash. This makes perfect sense considering the risk one takes by storing their cash at one's house. Therefore, it is prudent to give these large institutions one's money; who in return, use that money to let others borrow, and the interest rate on that money is how they make money. However, economic downturns cause people to withdraw their money due to ambiguity surrounding the bank's longevity. Disregarding the convenience aspect of depositing Trump bucks directly into one's bank account, this, in my opinion, is a tool the government is using to prolong a run on banks. Trump buck's will be nothing but numbers on a screen that will never materialize into tangible cash. Big brother is always there to help out its younger siblings. Hence the rapid spike in the stock market. Remember the government is not your savior; their survival is contingent upon submission.

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