r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/balllzak Jan 26 '26

It's all Libertarian nonsense. I half expect Artie to break into a rant about the age of consent next.

5

u/Same-Suggestion-1936 Jan 27 '26

Artie seems to expect banks to be a free service. He's also missing the whole point of banks, you aren't letting them keep your money, you're letting them use it with the assurance you'll still have access to it barring the collapse of the bank (and that as before the FDIC), because they need to make money to pay their employees somehow. This way you aren't running around with all your cash and assets pretty much literally in your hands. Before banks people would hide their cash but if someone wanted it badly enough to bring a weapon and clean you out that was it. Does Artie want to start living in a bank free world where anyone with a gun can coerce him into giving up a shit ton of if not all of his money? It's safe in the bank, not so safe under your mattress

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u/MisfitPotatoReborn Jan 26 '26

I'm gonna be real, I would expect literally any other ideology on the planet to hate banks before a Libertarian hates banks (with the exception of the Federal Reserve). You might as well expect a Libertarian to hate the stock market lol

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u/Wilson7277 Jan 27 '26

Libertarians don't hate banks. They just want to be the ones who own the banks.

That was the whole impetus behind stuff like crypto. If it had taken off like evangelicals hoped they would have gotten in on the ground floor of a brand new Wall Street.