Damus
Jake Woodhouse · 14w
IBA put up interest rates today 0.25% Now 3.85%
The Other Guy  profile picture
I’m surprised they raised. I thought they were just jaw boneing. The banks probably extract way more $ from borrowers when rates go higher but I reckon THEY probably don’t PAY more in interest because it’s all fractional reserve and credit creation from thin air.
Let’s all keep building the new system!
This old ponzi/scam/lying/thieving system sux!
Rant completed 👍 (for now 😄)

1❤️1
Jake Woodhouse · 14w
Rant very welcome! I tend to ignore this kind to announcement in favour of focusing on what I want to build