Oct 31, 2011
More and more banks are discouraging people from depositing money with them, sometimes charging for non-interest-bearing accounts. That’s right, they actually don’t want our money!
Why? Because they don’t see how they can invest any more money profitably.
Production? Forget about it – working people don’t have enough income to buy what’s produced now!
Speculation? They’re already doing that.
Loan it out? No one can afford to borrow any more!
If it seems to you that the problem here is that the banks have too much money and we have too little – then you are right! But we don’t hear the politicians proposing to solve this problem by transferring some of this wealth.