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> and were expecting to live off the interest in their savings account once they retired. The interest they were due was effectively stolen when the central ban
by azth 5y ago
> and were expecting to live off the interest in their savings account once they retired. The interest they were due was effectively stolen when the central banks started giving away free money, it was a massive transfer of wealth.
Well, it goes to show that the economy and financial system shouldn't be based on interest does it not? Something we've known for thousands of years now with the prohibition of interest/usury in Islam, Christianity, and Judaism.