The value myth
Conceptually thinking, you might come to the conclusion that banks have no intrinsic value whatsoever, and you would be correct. Consider this: in order to have value, you have to produce a product. You might think that banks produce a product in that they are lenders and can finance growth and expansion. The growth and expansion that they finance is all based on a myth. The myth is that the bank lending the money does not have the value behind it to produce a venue for that growth. All the bank can produce is debt, which in essence, enslaves the borrower to the bank. Debt is not a product that is of any value to anyone, but is only a detriment. The money that banks lend is based on the money that others have deposited – the value of the labors of others. When you go into debt to a bank, your value is lost.
Also consider that when a bank charges you interest on your loan, that interest is not being appreciated by the depositor of that money. The person that deposited money into their account only receives a fraction of what the bank takes in. This sort of gouging has been going on since the inception of banking.