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 banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
— Thomas Jefferson
Remember this Christmas, if someone buys a $25 gift for you, and they make minimum wage, they paid 2-3 hours of their life to get you that gift. Be humble. Gifts don't have to cost much to have value.
I’m sorry but why are we taking taxes out of the pay checks of 15-17 years olds who aren’t allowed to vote? Isn’t that the definition of taxation without representation?
This is what happens when you have a board that does not respect their historical customers or their brand.
At Steak n Shake, we have gone back to basics. Our tallow fries are waiting for you. Oh yeah, you can also now pay with Bitcoin!
FUN FACT: In 2017 Harvard said Bitcoin is more likely to hit $100 than $100K.
2025: Harvard buys $116 Million worth of Bitcoin
All roads lead to Bitcoin.