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This article is talking about Euro behaviors, but you can see the same problem in America. Would the system look as precarious if higher interest rates were available for savings accounts? It would keep money in accounts.
As an aside to this -- it's not like the money is *exiting* the banking system, it's just going to money markets, HYSA, or similar accounts.
Back in May (you might have forgotten since there's more than enough shootings to keep track of) a white man went into a predominantly black neighborhood's grocery store and killed 10 people.
To add insult to injury -- this was the ONLY store in the area and left the community without one for TWO MONTHS.
BUFFALO, N.Y. (AP) — The white gunman who massacred 10 Black shoppers and workers at a Buffalo supermarket pleaded guilty Monday to murder and hate-motivated terrorism charges, guaranteeing he will spend the rest of his life in prison.
