Plus Banks exist to turn small short term money into big long term money.
Yep.
People don’t realize that banking (i.e., lending) has been around since the invention of fire (and probably even before that). 😉
As boring as it sounds, cuneiform—the oldest writing system ever discovered—wasn’t used for poetry. It was used to record IOUs.
“Plus Banks exist to turn small short term money into big long term money.”
Banks exist to make 20k on top of that 10k they loaned you. The only winner there is the bank...