Castodial Money Services Are NOT in Your best Interests

Hey Jessuckers

When I'm not ranking and raving about the way our economy works and how finances are handled I'm probably trying not to, very very hard but I do try. I want to pretend like I'm interested in whatever stupid consumer product makes you happy so that I can get into the mind of the average normie.

In my interactions with people, I find that in today's society we think someone is looking out for us, someone smarter than us has it all figured out, and we trust them with our lives. This principle is not more evident than in the finance and banking industry, and this misguided trust has been leveraged and then blatantly abused.

You can bank on it

The average Joe knows as much about money as I know about quantum mechanics and I let me tell you I am no physicist.

So instead of educating yourself on how things like loans, credit cards and various investment products work. We naively accept whatever shit gets placed before us and have no ideas how to question it or shop around, we accept whatever is placed in front of us.

We do not look at the fine print all we care about is the so-called end product, even when its a shit deal. Its exploitation on one part and negligence on our part, we've allowed these crimes to continue and become normalised over time.

Image source: - chrismadden.co.uk

Your interest doesn't match their interests

The fact is when you go into the bank for a home loan or credit card and they look at your salary, your credit scores and all the other qualifying metrics they really don't know much about how to assess it. The issuer of the credit card or home loan doesn't even know that much about how money works. It's the blind selling shit to the blind.

They are not bankers, they are glorified salesmen trying hit targets and your qualifying metrics which were handed down to them from risk assessors and actuarial scientists who created models they think would work where they can spread the risk and get a decent return when grouping all the loans together and selling them on to investors or sometimes keeping on their books.

These advisors selling you stocks and investment policies are all paid shills, they're not doing their homework about what is best to invest in, they're getting kickbacks for securing your savings for various funds to abuse and make money over and above and pay you a shitty return in the process.

The financial world doesn't care about the individual, it's not about generating profit its all about pulling capital out of your market to put it to work for them somewhere else. Your ability to save or qualify for credit is being used against you and you can't even see it.

Let's connect

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