Money Storage

Posted: February 23, 2016 in Money Matters
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“A borrower takes your money and uses it.  He doesn’t just store it for you; that is what safe deposit boxes are for.  When you deposit your money in a bank, it’s the same thing.  You are making a loan to the bank.  The bank doesn’t store your money in a safe on your behalf; it uses it to balance its books.” -Bill Bonner

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