{"id":5866,"date":"2016-09-15T08:07:24","date_gmt":"2016-09-15T06:07:24","guid":{"rendered":"http:\/\/fdominicus.freecapitalists.org\/?p=1150"},"modified":"2016-09-15T08:07:24","modified_gmt":"2016-09-15T06:07:24","slug":"repeated-enough","status":"publish","type":"post","link":"https:\/\/www.q-software-solutions.de\/blog\/2016\/09\/repeated-enough\/","title":{"rendered":"This can’t be repeated often enough:"},"content":{"rendered":"

http:\/\/www.zerohedge.com\/news\/2016-09-14\/not-everyone-went-down-titanic<\/p>\n

That’s the fact:<\/p>\n

\n

Once a deposit is made at the bank, it\u00e2\u20ac\u2122s no longer your property. It\u00e2\u20ac\u2122s the bank\u00e2\u20ac\u2122s.<\/strong><\/u><\/p>\n

What you own instead is a promise from the bank to repay. It\u00e2\u20ac\u2122s an unsecured liability. That\u00e2\u20ac\u2122s a very different thing from owning physical cash stuffed under your mattress. Yet, 99.9% of people conflate the two.<\/p>\n

Cash deposited into the bank technically makes you a creditor of the bank. You\u00e2\u20ac\u2122re liable to get burned should the bank make a bad bet and get into trouble. The risk is not insignificant. Most banks gamble with their customer deposits on risky investment fads like mortgage-backed securities.<\/strong><\/p><\/blockquote>\n

The lie about to whom the deposits belong. It’s an credit and so you never do savings in a banking account you always do investing.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

http:\/\/www.zerohedge.com\/news\/2016-09-14\/not-everyone-went-down-titanic That’s the fact: Once a deposit is made at the bank, it\u00e2\u20ac\u2122s no longer your property. It\u00e2\u20ac\u2122s the bank\u00e2\u20ac\u2122s. What you own instead is a promise from the bank to repay. It\u00e2\u20ac\u2122s an unsecured liability. That\u00e2\u20ac\u2122s a very different thing from owning physical cash stuffed under your mattress. Yet, 99.9% of people conflate the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[6268,6299,6339,6432],"class_list":["post-5866","post","type-post","status-publish","format-standard","hentry","category-betrug","tag-saving","tag-accounts","tag-banks","tag-credit"],"_links":{"self":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts\/5866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/comments?post=5866"}],"version-history":[{"count":0,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts\/5866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/media?parent=5866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/categories?post=5866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/tags?post=5866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}