It “grows” because you don’t own it and these scamming places want to encourage you to “invest” in their scam. It’s like investing in any other scam. At the end you can be screwed over by all these banks – as I have so many times because they don’t care about me or my money – and decide to destroy every bit of savings I have because of some “error” that they ultimately blame on me.
No thank you. I have been scammed by banks (and credit unions) far too many times in my life. They’re just greedy, hateful businesses, like any others, and you shouldn’t trust them. Just part of our capitalist nightmare.
They have. Multiple banks and a credit union. Mismanaged my money and screwed me over while I was trying to get it right leading to owing them huge fees and ultimately no money in the account. Never again.
But just keep throwing money at the scam and have every single store track your purchases by your credit card. I refuse to participate in such a nightmarish society.
Again, I believe you are leaving out key details. They didn’t just take your money.
My assumption is that you didn’t understand how banking fees work and overdrafted your account or something. Perhaps got a credit card and only made minimum payments, which essentially just covers the interest.
It “grows” because you don’t own it and these scamming places want to encourage you to “invest” in their scam. It’s like investing in any other scam. At the end you can be screwed over by all these banks – as I have so many times because they don’t care about me or my money – and decide to destroy every bit of savings I have because of some “error” that they ultimately blame on me.
No thank you. I have been scammed by banks (and credit unions) far too many times in my life. They’re just greedy, hateful businesses, like any others, and you shouldn’t trust them. Just part of our capitalist nightmare.
Damn dude. You really have no clue. You lend the bank your money. They can use that money to lend to others. They give you some of the profit.
If you deposited money in a bank, and they told you it’s now their money and you own nothing, then you didn’t deposit money in a bank.
You are clearly leaving out important details. Banks can’t just take your money.
The fact that it seems to have happened multiple times to you is extremely suspicious.
They have. Multiple banks and a credit union. Mismanaged my money and screwed me over while I was trying to get it right leading to owing them huge fees and ultimately no money in the account. Never again.
But just keep throwing money at the scam and have every single store track your purchases by your credit card. I refuse to participate in such a nightmarish society.
Again, I believe you are leaving out key details. They didn’t just take your money.
My assumption is that you didn’t understand how banking fees work and overdrafted your account or something. Perhaps got a credit card and only made minimum payments, which essentially just covers the interest.