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RE: Why are banks so profitable?
@culgin, Definitely Banks hold the all Control and in my opinion most of the people fall for the Dept Trap. I am not sure but hope that Blockchain Technology and Cryptocurrency Space is here to change that picture. Stay blessed.
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The world is indeed in a debt trap. Global debt is estimated to be over $244 trillion and counting
Yes and it's unfortunate aspect because in my opinion people are not fully aware about the issues and at the end of the day common people suffers the most. Let's hope for the best and stay blessed.
Yes, we can only hope for the best. But at the same time, we should also prepare for the worst