The Modern Banking System

What is the modern banking System, What is it based on? How it shifts money from one person to another? How it makes profits? How it makes life hell for some and how it gives countless wealth to its sponsors?

These are a few questions a person thinks when he considers the word 'Bank'. Today, I will give a brief explanation on all the aspects of banking system.




1. About Modern Banking:

Bank is almost the same thing as a money lender. You can get money very easily, but you will have to spend your whole life paying rent or more commonly 'interest' for it and if lucky enough, you will be able to clear all the dues. The banks of today create a hype in all of us so that we recieve the loans and many people become their lifetime servants in this process.

2. What it is Based on?

The modern banking sytem is based on taking interest. The process is simple,