Fuck Niches
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Fuck Niches

Fractional Reserve Banking Is a Ponzi Scheme

Or worse

https://unsplash.com/photos/XY2yjrHUXlI

The average interest rate for savings accounts in the US is 0.06%, but this is upwardly skewed by the wealthy. Many banks don’t pay any interest at all, and nearly all of them charge you fees if your checking or savings account falls below a certain amount.

If you’re lucky enough to have money in a bank that pays interest, you might earn a rate of…

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