Always Aim for The Truth, Honesty, Respect, Wisdom, Quality, Reality, Common Sense🌾Life Warrior, Space Assassin, PeaceMaker, PieceKeeper 🌘 All In Crypto
Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%–0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4–5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying “fairness” and using words like "stability"—when it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you!
Fortunately, the big banks are losing this fight as customers wake up to the games…
@worldlibertyfi
The “Big Banks”—the very institutions that have held a monopoly and screwed their customers for years, offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees—are now doing everything they can to block the Crypto industry from offering real benefits, perks, and rewards on their platforms.
They are the greatest hypocrites and are in mass panic given they know they are losing the digital finance race! @worldlibertyfi
Netherlands just cancelled the 36% tax on unrealized gains.
Back to the drawing board after huge negative public reaction.
You can't force people to pay taxes on paper profits they have not realized yet. Especially when those gains can evaporate overnight.
This policy was going to destroy retail investors and drive wealth to other countries. People would have been forced liquidate assets just to cover tax bills on holdings they wanted to keep.
Public pressure works when enough people speak up.
Can we make a group decision to stop arguing about the NBA GOAT? MJ is the Greatest Of All Time; LeBron is the Go On Another Team specialist. #NBA#GOAT
When your big brother comes to save you!
Jordan was not about to let his squad wear a "Soft" label. He was not gonna allow them to be bullied and intimidated by physical teams like the Knicks and Pistons anymore.