Your Bank Is Lying to You; stand up and fight or let the abuse continue 
Your Bank Is Lying to You and its time to take a stand
If you don’t trust your bank, you’re in good company. With financial regulations unravelling, and in the wake of several shocking banking scandals, it’s remarkable we haven’t all switched to a digital cryptocurrency like Bitcoin and ditched our financial institutions.
The latest EY Global Consumer Banking Survey finds customers around the globe have diminishing trust in their banks. While they broadly trust banks to look after their money securely across markets, few have complete trust in their banks to give them unbiased advice that puts customers’ interests first. In the United States, 57 percent of customers trust their bank but only 33 percent say their financial institution will provide. Full story
This excerpt reveals why Banks will continue to lie to you
“IF YOU can only be good at one thing, be good at lying…because if you’re good at lying, you’re good at everything.” Thus a wag imagined one investment banker advising another in a lift. He may not have been far wrong.
In an experiment published by Nature this week, 128 bankers with an average of 12 years’ experience in the industry were split into two groups. The “control” group was asked a series of anodyne questions—for instance, how many hours of television they watched each week. The “treatment” group was quizzed on their work at their bank. Full Story
What else is new? This is what banks do; they are the masters of deception. They take your money, pay you next to nothing and then lend it out and charge a fortune. They can lend out 10 times of what you deposit, so imagine the huge amount of money they earn due to the fractional banking system. Yet, this is not enough for them, they look for other ways to leverage this money and almost always make the taxpayer foot the bill. They will never stop committing fraud, because, for every $1 they pay in fines, they make $100.
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