Damus
elsat · 54w
Euros - bureaucrats are sharing the plan to steal your hard earned savings. They are laughing in your and your family’s face. What are you going to do about it? https://image.nostr.build/843b4f...
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Savings aren’t idle though.

If you deposit 1000 euros to a savings account paying 1% interest, the bank doesn’t just put your money out the way and generously give you 1% extra a year.

No, they take your money and invest it in something else, with the goal of making 10+%, pocket the majority of it and throw you a small kickback for letting them use your money to make themselves richer.

The money is hard at work. It’s just the saver that isn’t seeing much benefit from this.
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elsat · 54w
Agreed, and allow me to amend: *Fiat* savings aren’t idle. Euros can be indifferent, and many will be. Those who decide so can opt out.