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RE: Banks Are Crooks, Inventing Money as Loans to Profit on Interest Payments
let's see how crypto will change this system, crypto should become a big competitor to fiat currencies. But I think banks take money from the people who hold their money there, they bet that everyone is not going to decide to withdraw all the money at the same day.
That's only why the money is there for everyone. It's called a run on the bank if everyone wants their money, and guess what, all the money isn't there. It's been invested in other places for the bank to make money. They don't have all of people's money in the bank itself. It's a scam.