Banking Explained In Simple Terms [Pic]

Submitted by: kitteh9lives 5 years ago in

A concept so stupid that only a child would fall for it... right?
There are 40 comments:
Male 7
Yes you can keep your money at home, and then be subject to the "poverty tax". If you do everything by cash or money order you have to cash your check somehow. Businesses often charge money for that service, so you pay to use your own money. Also some businesses don`t accept cash as payment anymore, for example my apartment.
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Male 303
You`re free to keep your cash at home...
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Male 2,199
dont like it? keep ur money at home and risk it being stolen one way or another... the difference here is it takes much longer for all of it to be stolen in a bank
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Male 5,811
[quote]and has less to do with Banking[/quote]

Bank fees have little to do with banking? That`s news to me.
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Male 10,855
@jtrebowski

...and that DOESN`T bother you?
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Male 4
Mattress Baby
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Male 546
....sounds more like government to me.
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Male 8,418
patchgrabber-"This post has nothing to do with OWS"

and has less to do with Banking. It does not resemble reality in any way. It`s a trite joke that the poster thinks is clever and relevent (it is neither).

If one posts fantasy, don`t be surprised when someone runs with it.
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Male 3,369
@MeGrendel: Taxpayers usually cover most of the costs to build those stadiums.
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Male 5,811
MeGrendel:

Stop trying to incite another tired OWS argument. This post has nothing to do with OWS, let alone the kid in the cartoon saying he "deserves" a ball; it`s already his ball. If you want to cry poo over OWS then wait for another inevitable OWS post, don`t bring your garbage to every post that has anything to do with money.

And like patchouly said, the interest you get paid for keeping your money there is a ridiculously low percent. The only way you`d ever see any real return through interest is if you have many thousands of dollars in that account.
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Male 333
Oh and don`t forget the bank can also use your ball on some "pie in the sky" scheme. When the scheme collapses and the bank looses yours and everyone elses balls, they can then go the big european bank to borrow another ball....of course this ball is one you gave to the big bank through your mummy and daddy (government) so isn`t yours but you can borrow it! (and the manager of the bank still get their yo yo bonus at the end of the year
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Male 4,902
poo
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Male 2,593
As long as my balls are safe and secure. J/k Banks blow. Go check out credit unions
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Male 2,345
johnkelley

this is referring to the mirad of FEES banks charge you to handle your money, which they need to stay in operation. This is not about loans.

Wells Fargo, my now former bank, wanted to charge me 15 bucks a month for my checking account...I told them to blow me.

I went to a credit union where there are no fees. I has a happy now.

also, isn`t capital one only a credit card company? I`ve never seen a single captial one branch anywhere.
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Male 59
hmm, Capital One gives me free checking with rewards. I pay no ATM fees, which I hardly use, and they send me a debit card, that I don`t pay for, to use my money, for free, whenever I want. The "Banking" this refers to is loans, in which you pay someone to allow you to use money you don`t have at the time, by paying them back plus interest.
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Male 15,510
That is why Im the 99%
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Male 356
...and I may not have your ball when you most need it, because I`ve lent it to someone else.
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Male 483
Wait, what? My bank doesn`t charge me sh*t for my checking account. Sounds like someone is getting scammed.
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Male 447
Oh god so much retardedness. If that`s all you think banks do then please go back to your communes. No one in the real world cares about you.
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Male 16
People don`t understand banking for the same reason they don`t understand OWS. They would rather be willfully ignorant and go about their Stepford lives with their Stepford wives. Apathy of the masses is the greatest asset of the oppressors. Welcome to the future, you tools. To be fair, most folks don’t give a rat’s ass about tyranny or banks these days, as long as they get theirs and they look like they’re on “the right side of things.” Adolph Hitler and Joseph Goebbels understood this perfectly. See www.prairiefirebews.com for more.
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Male 729
Does no one understand OWS? Guess not.
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Male 338
Seriously, where are you guys banking? I`ve never paid a penny to a bank while being in credit. My bank pays me to keep my money and I move my credit around to whatever 0% is available
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Male 4,793
This is why you move to a bank that doesnt charge any fees whatsoever (except overdraft fees, that is a legit and fair fee). *cough* US bank *cough*
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Male 8,418
Then comes Orian Windsong Smith.

He wants a ball, too, but all his life he`s been told `You DESERVE a ball!` and never contemplated actually doing anything to earn it.

He looks around and see who has the balls. So he says `The Banks have too many balls!`. And calls the stadium owner `the rich` and yells `take his balls!`.

Everyone looks at OWS like the idiot he is.

The moral of the story: "If you don`t have any balls, don`t mess with those who do."
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Male 8,418
They left out the part where when the little boy is not using the ball, the bank loans his ball, along with other`s peoples ball, to a guy who wants to build a baseball stadium (for a fee). When they guy`s stadium is complete and he can, he gives the balls back to the bank, plus more balls.

The original boy still has access to his ball, and also gets a yo-yo out of the deal.

The stadium builder has built his stadium (employing builders and contractors and such in the process) and now is making more balls from the people who come watch the games, and in the process has created jobs in the ticket booths, concession stands, and for clean up and parking. All his employees are happy as now they can get their very own balls.
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Male 35
It`s called a credit union. Shop around, you`ll find several without fees, or at least very simple ways not to have fees, like direct deposit. The only way banks are still in business is laziness.
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Male 5,147
It`s exactly like that.
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Male 4,745
I`ve said for years that banks are the greatest scam going. They borrow your money and you pay them for that right.

Interest is a very small percent, calculated on a yearly balance (i.e. let the balance drop to zero, even for a second and you`re interest is gone) I haven`t seen any interest payments in over ten years. Then, they hit you with monthly fees. This month, for my allowing the bank to borrow my money, I paid $24 in monthly fees.
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Male 1,691
@bataleon27 - that`s true. You get a little bit more ball every month. ^_^
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Male 10
Or you could use a credit union and gather interest on your checking and savings accounts. Or keep being lazy idiots and not move your accounts because you can`t be bothered.
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Male 14,331
Just think they still couldn`t make enough money to stay profitable...and they say they only hire the smartest......
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Male 1,178
clearly the boy has never played the banking game properly. Since banks pay interest for holding your money, you don`t pay the banks. Also, no one pays to make transfers any more and it doesn`t cost you any money to withdraw or pay by card....
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Male 6,737
Yep.
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Male 3,745
oh look there goes my childhood...
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Male 292
wow this is an eyeopener.
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Male 1,582
But if he keeps the ball and then losses it, or it gets stolen, he`s responsible and out one ball.
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Male 39,543

Yep
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Male 5,811
They left out the part where once the kid gives him the ball, he can`t access the ball for a number of days, during which time the ball will be lent out to other kids for a period of 24 hrs each.
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Female 2,761
pretty much...
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Female 8,043
Link: Banking Explained In Simple Terms [Pic] [Rate Link] - A concept so stupid that only a child would fall for it... right?
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