You sell your money to the bank (or other) and it allocates some interest payments to your savings account from its profits. Have you seen a Bank’s profits?
What do Banks do with your money? Well, they accumulate many small savers’ money to lend to a borrower. The borrower buys his loan and repays it with added interest. The difference between interest rates is used by the institutions to pay salaries, pensions buy buildings and the usual business expenses.
THE WORLD PRESS occasionally reveals. “INSIDER DEALINGS” where an individual is accused of amassing huge profits from a fast book financial transaction that proves to be illegal.
Sandwiched between “INSIDER TRADING” and interest are a range of products on sale by banks. Mortgages, shares bonds and so on . Very rich individuals and organizations do not leave all their wealth in savings accounts. They trade in art. gold, diamonds, huge properties huge film productions, rare cars and such. Some buy and sell consumer items such as coffee, tea etc.
So can individuals with a few hundreds of their own currency hope to buy and sell something for a smiling profit? ...
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