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Cake day: June 14th, 2023

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  • hangonasecond@lemmy.worldtoComic Strips@lemmy.worldNeuralink
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    3 days ago

    1, the comic is a joke, and 2, the author obviously doesn’t believe the technology will exist imminently since the premise is what Elon has promised it will do, not the actual science and what is currently possible.

    Stop giving the benefit of the doubt to somebody who has repeatedly and demonstrably lied about the capabilities of things they have a financial interest in. He has more money than God, in part in thanks to his deceit, he really doesn’t need your help.







  • That’s not really true. Banks getting higher interest on loans also pay out more interest on deposits, otherwise they’re unable to attract and retain customers. FI profitability is based on net interest margin (revenue from lending - losses from deposits), and they need deposits to have the money to lend out so they can’t arbitrarily lower their deposit account rates to increase NIM.

    Banks get richer no matter what happens, because people need loans. If anything, higher rates make it more challenging for banks to make money as people are less able to make repayments and less likely to take out loans for luxury purchases or holidays.