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Joined 1 year ago
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Cake day: July 30th, 2023

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  • I can lend money to others without them as middlemen

    Private banks are highly regulated businesses to avoid fraud and maintain the trust and stability of the financial system. They also play a key role in the creation of money supply. Banks literally create money when they issue a loan, something no other business can do.

    and at the same time they seem to suggest that having money in banks is not risk-free

    Because it isn’t 100% risk free: your bank can default and if your cash balance exceeds the amount that is insured by the government you can lose that excess.

    The central bank cannot go bankrupt because it issues its own currency. You could experience the effects of inflation, but you would be protected from bankruptcy.

    That’s why authorities are concerned about allowing citizens to hold their savings in central bank accounts.




  • You do you. A professional will ask you to move all your furniture, spray insecticide everywhere, come back two weeks later to repeat the same process again to kill the newly hatched eggs, and tell you that it is quite likely that the bugs will come back, so further rounds may be needed.

    Diatomaceous earth pops up on every discussion because it works. Bugs gone in a couple of days, because D.E. sticks around to kill any larvae that hatch over the following weeks.