Why The Whole Banking System Is A Scam?

Hello everyone, It has been a while. In this blog, I'll explain how the entire Banking System is a fraud. Here is why?

              A lot of people in India and even in other countries deposit their money in banks, but they are not aware that the money they are depositing in the banks is going to be lended by the banks to another person. This system is called Fractional Reserve Banking which means banks can lend money they don't have and it is a criminal scandal that has been going on for too long. Also, we have counterfeiting sometimes called quantitative easing but by another name, the artificial printing of money which if an ordinary person did they would go to prison for a long period of time, but the government and central banks do it all the time. And also, we don't know the real cost of money because it's the central banks that manipulate the interest rates. And more importantly, we will talk about deposit guarantees (but in India RBI runs a deposit insurance scheme that provides insurance for all bank deposits), when the banks go broke by their incompetence and chicanery and the tax payer picks up the tab. It's clearly theft from the tax prayer. 

               In India, people believe that saving money in bank will make them rich, actually they are losing the value of their money by saving in banks because of inflation. Don't save fake money, i.e., Government money, because it is printing unlimitedly. Save God's money, i.e., gold and silver, because it's the money that can't be faked.

*Writing By: Ahtisham Asif Tantray*