This is a little off-topic for me as you are used to politics but monetary policy and understanding how banks make money is important. This is very 101 and is designed to answer some basic questions. I have worked in the banking industry and actually worked for Bruce, who I interviewed for this. Bruce has become a top ten friend in my life. I love the guy. He is a giver and surprisingly owns a bank group. LOL. I hope you enjoy this. If not, just let it go. Bruce is super calm and is a bit of a fatalist. He is also one of the smartest guys I have ever met.
This is from my Neil of the North channel on YT.