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What Your Money is Really Worth in the U.K

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Rob Moore

78,907 subscribers

907,722 просмотров • 6 месяцев назад •via X (Twitter)

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Your value of your money keeps plummeting - A dollar you held in 1998 is only worth 51 cents today - In 2010, that dollar is worth about 68 cents - A dollar during Barack Obama in 2014 is now worth 74 cents - The dollar you held just in 2019 is only worth 80 cents
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Your bank doesn't have your money. If everyone asked for their deposits at once, the vault empties in minutes, by design. Under fractional reserve you're not a depositor, you're an unsecured creditor lending the bank your cash at 0%. Worth knowing where the line really is.
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