{"id":151,"date":"2020-10-09T02:40:07","date_gmt":"2020-10-09T02:40:07","guid":{"rendered":"https:\/\/hongkong.thevalentineconstitution.com\/?page_id=151"},"modified":"2020-12-28T22:04:26","modified_gmt":"2020-12-28T22:04:26","slug":"bank-spreads","status":"publish","type":"page","link":"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/bank-spreads\/","title":{"rendered":"Bank Spreads"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility fusion-no-medium-visibility\" style=\"background-color: rgba(255,255,255,0);background-image: url(&quot;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/Hong_Kong-flag.jpg&quot;);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-attachment:fixed;\" id=\"LargeScreen\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-align-content-center fusion-flex-justify-content-center\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_4_5 4_5 fusion-flex-column fusion-flex-align-self-center fusion-no-small-visibility fusion-no-medium-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-block\" style=\"background-image: url(&#039;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg&#039;);background-position:center center;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;border-width: 2px 2px 2px 2px;border-color:#000000;border-style:solid;box-shadow:6px 6px 4px 1px #000000;;padding: 40px 80px 40px 80px;\" data-bg-url=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\" style=\"width:100%;max-width:700px;margin-top:0px;\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\" target=\"_self\" aria-label=\"The Valentine Constitution Trajan Logo 20 Dec 2020\"><img decoding=\"async\" width=\"1920\" height=\"141\" alt=\"The Valentine Constitution\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png\" class=\"img-responsive wp-image-649\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-200x15.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-400x29.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-600x44.png 600w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-800x59.png 800w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-1200x88.png 1200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png 1920w\" sizes=\"(max-width: 640px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-text fusion-text-1\" style=\"text-align:center;line-height:1.15;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-family: Times New Roman; color: #000000;\"><em>for<\/em><br \/>\n<strong><span style=\"font-size: 30px;\">HONG KONG<\/span><\/strong><\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\" style=\"width:100%;max-width:120px;margin-bottom:20px;\"><img decoding=\"async\" width=\"220\" height=\"112\" title=\"HongKongFlagSmallStroke\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg\" class=\"img-responsive wp-image-32\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke-200x102.jpg 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg 220w\" sizes=\"(max-width: 640px) 100vw, 220px\" \/><\/span><\/div><div class=\"fusion-widget fusion-widget-element fusion-widget-area fusion-content-widget-area wpWidget-1 fusion-widget-align-center fusion-widget-mobile-align-center\" style=\"border-width:0px;border-style:solid;\"><div class=\"widget widget_polylang\"><label class=\"screen-reader-text\" for=\"lang_choice_polylang--1\">Choose a language<\/label><select name=\"lang_choice_polylang--1\" id=\"lang_choice_polylang--1\" class=\"pll-switcher-select\">\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/%e5%88%b6%e5%ba%a6\/%e9%8a%80%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-HK\" selected='selected'>\u4e2d\u6587 (\u9999\u6e2f)<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/bank-spreads\/\" lang=\"en-US\">English<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/zh-cn\/%e8%ae%ae%e9%a2%98\/%e9%93%b6%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-CN\">\u4e2d\u6587 (\u4e2d\u56fd)<\/option>\n\n<\/select>\n<script type=\"text\/javascript\">\n\t\t\t\t\t\/\/<![CDATA[\n\t\t\t\t\tdocument.getElementById( \"lang_choice_polylang--1\" ).addEventListener( \"change\", function ( event ) { location.href = event.currentTarget.value; } )\n\t\t\t\t\t\/\/]]>\n\t\t\t\t<\/script><\/div><\/div><div class=\"fusion-text fusion-text-2\" style=\"font-size:14pt;line-height:1.25;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-size: 24pt;\"><strong>BANK SPREADS<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>first spread:<\/strong> Banks today get to keep the difference between the <strong>2%<\/strong> they pay you for your <strong>savings<\/strong> and the <strong>5%<\/strong> they charge for <strong>loaning your savings out.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>second spread:<\/strong> Banks today get to loan out 33 times their savings, or <strong>$33,000 for every $1,000 you save!<\/strong> What is the banker doing for all that money? Just entering <strong>the borrower&#8217;s info into a program which accepts or rejects the loan<\/strong> and sets the rate. You will be able to <strong>do that in your online account<\/strong> with the click of your mouse. And you won&#8217;t get an &#8220;inquiry&#8221; (which today hurts your credit), and there will be no Credit Reporting Agencies. You&#8217;ll receive a considerably <strong>higher rate for your savings<\/strong>, and pay a considerably <strong>lower rate on your loans.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>third spread:<\/strong> Banks today get to keep the interest on <strong>money waiting to be made &#8220;available&#8221;<\/strong> as it transits from one account to another. How long can it take in the era of high speed trading?<\/p>\n<p style=\"text-indent: 50px;\"><strong>Fourth<\/strong>, Citizens additionally pay <strong>all the costs of physical bank branches:<\/strong> land, parking, buildings, utilities, supplies, equipment and payroll.<\/p>\n<p style=\"text-indent: 50px;\">The Valentine Constitution&#8217;s public utility bank <strong>saves us all the costs of physical branches and the three &#8220;spreads&#8221;,<\/strong> and instead gives savers and borrowers fair interest rates.<\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"300\" alt=\"Schools\" title=\"TVC Int Summary HEARTS Bank Spreads 2 Sep 2020\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-300x300.png\" class=\"img-responsive wp-image-41\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-200x200.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-400x400.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020.png 480w\" sizes=\"(max-width: 640px) 100vw, 300px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-3\" style=\"font-size:14pt;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center;\"><a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\"><em>HOME<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/about\/\"><em>ABOUT<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/\"><em>ISSUES<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/press\/\"><em>PRESS KIT<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article1\/\"><em>ARTICLE I<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article2\/\"><em>ARTICLE II<\/em><\/a><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:80% !important;margin-top : 50px;margin-bottom : 50px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 40px !important;padding-right : 80px !important;margin-right : 2.4%;padding-bottom : 40px !important;padding-left : 80px !important;margin-left : 2.4%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-0{width:80% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 2.4%;margin-left : 2.4%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-1 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover, .fusion-fullwidth.fusion-builder-row-1 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:before, .fusion-fullwidth.fusion-builder-row-1 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:after {color: #0000ff;}.fusion-fullwidth.fusion-builder-row-1 .pagination a.inactive:hover, .fusion-fullwidth.fusion-builder-row-1 .fusion-filters .fusion-filter.fusion-active a {border-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-1 .pagination .current {border-color: #0000ff; background-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-1 .fusion-filters .fusion-filter.fusion-active a, .fusion-fullwidth.fusion-builder-row-1 .fusion-date-and-formats .fusion-format-box, .fusion-fullwidth.fusion-builder-row-1 .fusion-popover, .fusion-fullwidth.fusion-builder-row-1 .tooltip-shortcode {color: #0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-1 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a, #wrapper .fusion-fullwidth.fusion-builder-row-1 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-1 .fusion-widget-area .fusion-vertical-menu-widget .current-menu-item > a, 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nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility fusion-no-large-visibility\" style=\"background-color: rgba(255,255,255,0);background-image: url(&quot;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/Hong_Kong-flag.jpg&quot;);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-attachment:fixed;\" id=\"MediumScreen\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-align-content-center fusion-flex-justify-content-center\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center fusion-no-small-visibility fusion-no-large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-space-between fusion-content-layout-block\" style=\"background-image: url(&#039;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg&#039;);background-position:center top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;border-width: 2px 2px 2px 2px;border-color:#000000;border-style:solid;box-shadow:6px 6px 4px 1px #000000;;padding: 40px 80px 40px 80px;\" data-bg-url=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\" style=\"width:100%;max-width:700px;margin-top:40px;\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\" target=\"_self\" aria-label=\"The Valentine Constitution Trajan Logo 20 Dec 2020\"><img decoding=\"async\" width=\"1920\" height=\"141\" alt=\"The Valentine Constitution\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png\" class=\"img-responsive wp-image-649\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-200x15.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-400x29.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-600x44.png 600w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-800x59.png 800w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-1200x88.png 1200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png 1920w\" sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/a><\/span><\/div><div class=\"fusion-text fusion-text-4\" style=\"text-align:center;line-height:1.15;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-family: Times New Roman; color: #000000;\"><em>for<\/em><br \/>\n<strong><span style=\"font-size: 30px;\">HONG KONG<\/span><\/strong><\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none\" style=\"width:100%;max-width:120px;margin-top:-15px;margin-bottom:10px;\"><img decoding=\"async\" width=\"220\" height=\"112\" title=\"HongKongFlagSmallStroke\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg\" class=\"img-responsive wp-image-32\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke-200x102.jpg 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg 220w\" sizes=\"(max-width: 640px) 100vw, 220px\" \/><\/span><\/div><div class=\"fusion-widget fusion-widget-element fusion-widget-area fusion-content-widget-area wpWidget-2 fusion-widget-align-center fusion-widget-mobile-align-center\" style=\"border-width:0px;border-style:solid;\"><div class=\"widget widget_polylang\"><label class=\"screen-reader-text\" for=\"lang_choice_polylang--1\">Choose a language<\/label><select name=\"lang_choice_polylang--1\" id=\"lang_choice_polylang--1\" class=\"pll-switcher-select\">\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/%e5%88%b6%e5%ba%a6\/%e9%8a%80%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-HK\" selected='selected'>\u4e2d\u6587 (\u9999\u6e2f)<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/bank-spreads\/\" lang=\"en-US\">English<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/zh-cn\/%e8%ae%ae%e9%a2%98\/%e9%93%b6%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-CN\">\u4e2d\u6587 (\u4e2d\u56fd)<\/option>\n\n<\/select>\n<script type=\"text\/javascript\">\n\t\t\t\t\t\/\/<![CDATA[\n\t\t\t\t\tdocument.getElementById( \"lang_choice_polylang--1\" ).addEventListener( \"change\", function ( event ) { location.href = event.currentTarget.value; } )\n\t\t\t\t\t\/\/]]>\n\t\t\t\t<\/script><\/div><\/div><div class=\"fusion-text fusion-text-5\" style=\"font-size:14pt;line-height:1.25;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-size: 24pt;\"><strong>BANK SPREADS<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>first spread:<\/strong> Banks today get to keep the difference between the <strong>2%<\/strong> they pay you for your <strong>savings<\/strong> and the <strong>5%<\/strong> they charge for <strong>loaning your savings out.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>second spread:<\/strong> Banks today get to loan out 33 times their savings, or <strong>$33,000 for every $1,000 you save!<\/strong> What is the banker doing for all that money? Just entering <strong>the borrower&#8217;s info into a program which accepts or rejects the loan<\/strong> and sets the rate. You will be able to <strong>do that in your online account<\/strong> with the click of your mouse. And you won&#8217;t get an &#8220;inquiry&#8221; (which today hurts your credit), and there will be no Credit Reporting Agencies. You&#8217;ll receive a considerably <strong>higher rate for your savings<\/strong>, and pay a considerably <strong>lower rate on your loans.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>third spread:<\/strong> Banks today get to keep the interest on <strong>money waiting to be made &#8220;available&#8221;<\/strong> as it transits from one account to another. How long can it take in the era of high speed trading?<\/p>\n<p style=\"text-indent: 50px;\"><strong>Fourth<\/strong>, Citizens additionally pay <strong>all the costs of physical bank branches:<\/strong> land, parking, buildings, utilities, supplies, equipment and payroll.<\/p>\n<p style=\"text-indent: 50px;\">The Valentine Constitution&#8217;s public utility bank <strong>saves us all the costs of physical branches and the three &#8220;spreads&#8221;,<\/strong> and instead gives savers and borrowers fair interest rates.<\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"300\" alt=\"Schools\" title=\"TVC Int Summary HEARTS Bank Spreads 2 Sep 2020\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-300x300.png\" class=\"img-responsive wp-image-41\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-200x200.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-400x400.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020.png 480w\" sizes=\"(max-width: 640px) 100vw, 300px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-6\" style=\"font-size:14pt;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center;\"><a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\"><em>HOME<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/about\/\"><em>ABOUT<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/\"><em>ISSUES<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/press\/\"><em>PRESS KIT<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article1\/\"><em>ARTICLE I<\/em><\/a>\u00a0\u00a0\u00a0\u2665\u00a0\u00a0\u00a0<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article2\/\"><em>ARTICLE II<\/em><\/a><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:100% !important;margin-top : 50px;margin-bottom : 50px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 40px !important;padding-right : 80px !important;margin-right : 1.92%;padding-bottom : 40px !important;padding-left : 80px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-1{width:80% !important;order : 0;margin-top : 10px;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 2.4%;margin-left : 2.4%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-2 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover, .fusion-fullwidth.fusion-builder-row-2 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:before, .fusion-fullwidth.fusion-builder-row-2 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:after {color: #0000ff;}.fusion-fullwidth.fusion-builder-row-2 .pagination a.inactive:hover, .fusion-fullwidth.fusion-builder-row-2 .fusion-filters .fusion-filter.fusion-active a {border-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-2 .pagination .current {border-color: #0000ff; background-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-2 .fusion-filters .fusion-filter.fusion-active a, .fusion-fullwidth.fusion-builder-row-2 .fusion-date-and-formats .fusion-format-box, .fusion-fullwidth.fusion-builder-row-2 .fusion-popover, .fusion-fullwidth.fusion-builder-row-2 .tooltip-shortcode {color: #0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .current-menu-item > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .current-menu-item > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .current_page_item > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .fusion-vertical-menu-widget .current_page_item > a:before {color: #0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .menu li.current_page_ancestor > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .menu li.current_page_ancestor > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .current-menu-item > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .current-menu-item > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .current_page_item > a, #wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .widget_nav_menu .current_page_item > a:before {color: #0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-vertical-menu-widget .menu li.current_page_item > a { border-right-color:#0000ff;border-left-color:#0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-2 .fusion-widget-area .tagcloud a:hover { color: #fff; background-color: #0000ff;border-color: #0000ff;}#main .fusion-fullwidth.fusion-builder-row-2 .post .blog-shortcode-post-title a:hover {color: #0000ff;}.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 317px;margin-bottom : 0px;padding-left : 0px;}@media only screen and (max-width:640px) {.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 0px;}}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-medium-visibility fusion-no-large-visibility\" style=\"background-color: rgba(255,255,255,0);background-image: url(&quot;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/Hong_Kong-flag.jpg&quot;);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-attachment:fixed;\" id=\"SmallScreen\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-align-content-flex-start fusion-flex-justify-content-space-evenly\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_3_4 3_4 fusion-flex-column fusion-flex-align-self-flex-start fusion-no-medium-visibility fusion-no-large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-block\" style=\"background-image: url(&#039;https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg&#039;);background-position:center top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;border-width: 2px 2px 2px 2px;border-color:#000000;border-style:solid;box-shadow:6px 6px 4px 1px #000000;;padding: 20px 40px 20px 40px;\" data-bg-url=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/Marble-Composite-Texture-27-Dec-2020-scaled.jpg\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-7 hover-type-none\" style=\"width:100%;max-width:620px;margin-top:40px;\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\" target=\"_self\" aria-label=\"The Valentine Constitution Trajan Logo 20 Dec 2020\"><img decoding=\"async\" width=\"1920\" height=\"141\" alt=\"The Valentine Constitution\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png\" class=\"img-responsive wp-image-649\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-200x15.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-400x29.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-600x44.png 600w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-800x59.png 800w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020-1200x88.png 1200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/12\/The-Valentine-Constitution-Trajan-Logo-20-Dec-2020.png 1920w\" sizes=\"(max-width: 640px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-text fusion-text-7\" style=\"text-align:center;font-size:10pt;line-height:.95;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-family: Times New Roman; color: #000000;\"><em>for<\/em><br \/>\n<strong><span style=\"font-size: 30px;\">HONG KONG<\/span><\/strong><\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-8 hover-type-none\" style=\"width:100%;max-width:80px;margin-bottom:10px;\"><img decoding=\"async\" width=\"220\" height=\"112\" title=\"HongKongFlagSmallStroke\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg\" class=\"img-responsive wp-image-32\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke-200x102.jpg 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/HongKongFlagSmallStroke.jpg 220w\" sizes=\"(max-width: 640px) 100vw, 220px\" \/><\/span><\/div><div class=\"fusion-widget fusion-widget-element fusion-widget-area fusion-content-widget-area wpWidget-3 fusion-widget-align-center fusion-widget-mobile-align-center\" style=\"border-width:0px;border-style:solid;\"><div class=\"widget widget_polylang\"><label class=\"screen-reader-text\" for=\"lang_choice_polylang--1\">Choose a language<\/label><select name=\"lang_choice_polylang--1\" id=\"lang_choice_polylang--1\" class=\"pll-switcher-select\">\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/%e5%88%b6%e5%ba%a6\/%e9%8a%80%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-HK\" selected='selected'>\u4e2d\u6587 (\u9999\u6e2f)<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/bank-spreads\/\" lang=\"en-US\">English<\/option>\n\t<option value=\"https:\/\/hongkong.thevalentineconstitution.com\/zh-cn\/%e8%ae%ae%e9%a2%98\/%e9%93%b6%e8%a1%8c%e5%88%a9%e5%b7%ae\/\" lang=\"zh-CN\">\u4e2d\u6587 (\u4e2d\u56fd)<\/option>\n\n<\/select>\n<script type=\"text\/javascript\">\n\t\t\t\t\t\/\/<![CDATA[\n\t\t\t\t\tdocument.getElementById( \"lang_choice_polylang--1\" ).addEventListener( \"change\", function ( event ) { location.href = event.currentTarget.value; } )\n\t\t\t\t\t\/\/]]>\n\t\t\t\t<\/script><\/div><\/div><div class=\"fusion-text fusion-text-8\" style=\"font-size:14pt;line-height:1.25;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center; font-size: 24pt;\"><strong>BANK SPREADS<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>first spread:<\/strong> Banks today get to keep the difference between the <strong>2%<\/strong> they pay you for your <strong>savings<\/strong> and the <strong>5%<\/strong> they charge for <strong>loaning your savings out.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>second spread:<\/strong> Banks today get to loan out 33 times their savings, or <strong>$33,000 for every $1,000 you save!<\/strong> What is the banker doing for all that money? Just entering <strong>the borrower&#8217;s info into a program which accepts or rejects the loan<\/strong> and sets the rate. You will be able to <strong>do that in your online account<\/strong> with the click of your mouse. And you won&#8217;t get an &#8220;inquiry&#8221; (which today hurts your credit), and there will be no Credit Reporting Agencies. You&#8217;ll receive a considerably <strong>higher rate for your savings<\/strong>, and pay a considerably <strong>lower rate on your loans.<\/strong><\/p>\n<p style=\"text-indent: 50px;\">The <strong>third spread:<\/strong> Banks today get to keep the interest on <strong>money waiting to be made &#8220;available&#8221;<\/strong> as it transits from one account to another. How long can it take in the era of high speed trading?<\/p>\n<p style=\"text-indent: 50px;\"><strong>Fourth<\/strong>, Citizens additionally pay <strong>all the costs of physical bank branches:<\/strong> land, parking, buildings, utilities, supplies, equipment and payroll.<\/p>\n<p style=\"text-indent: 50px;\">The Valentine Constitution&#8217;s public utility bank <strong>saves us all the costs of physical branches and the three &#8220;spreads&#8221;,<\/strong> and instead gives savers and borrowers fair interest rates.<\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-9 hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"300\" alt=\"Schools\" title=\"TVC Int Summary HEARTS Bank Spreads 2 Sep 2020\" src=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-300x300.png\" class=\"img-responsive wp-image-41\" srcset=\"https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-200x200.png 200w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020-400x400.png 400w, https:\/\/hongkong.thevalentineconstitution.com\/wp-content\/uploads\/2020\/10\/TVC-Int-Summary-HEARTS-Bank-Spreads-2-Sep-2020.png 480w\" sizes=\"(max-width: 640px) 100vw, 300px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-9\" style=\"text-align:center;line-height:1.25;font-family:&#039;Times New Roman&#039;, Times,serif;font-weight:400;\"><p style=\"text-align: center;\"><a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/english\/\"><em>HOME<\/em><\/a><br \/>\n<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/about\/\"><em>ABOUT<\/em><\/a><br \/>\n<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/issues\/\"><em>ISSUES<\/em><\/a><br \/>\n<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/press\/\"><em>PRESS KIT<\/em><\/a><br \/>\n<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article1\/\"><em>ARTICLE I<\/em><\/a><br \/>\n<a href=\"https:\/\/hongkong.thevalentineconstitution.com\/en\/article2\/\"><em>ARTICLE II<\/em><\/a><\/p>\n<\/div><div class=\"fusion-text fusion-text-10 sm-text-align-center\" style=\"font-size:12pt;line-height:1.25;color:#000000;font-family:&#039;Times New Roman&#039;, Times,serif;\"><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:75% !important;margin-top : 0px;margin-bottom : 50px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 20px !important;padding-right : 40px !important;margin-right : 2.56%;padding-bottom : 20px !important;padding-left : 40px !important;margin-left : 2.56%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-2{width:75% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 2.56%;margin-left : 2.56%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:80% !important;order : 1;margin-top : 15px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;margin-right : 2.4%;margin-left : 2.4%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-3 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover, .fusion-fullwidth.fusion-builder-row-3 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:before, .fusion-fullwidth.fusion-builder-row-3 a:not(.awb-custom-text-hover-color):not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-view-cart):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:after {color: #0000ff;}.fusion-fullwidth.fusion-builder-row-3 .pagination a.inactive:hover, .fusion-fullwidth.fusion-builder-row-3 .fusion-filters .fusion-filter.fusion-active a {border-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-3 .pagination .current {border-color: #0000ff; background-color: #0000ff;}.fusion-fullwidth.fusion-builder-row-3 .fusion-filters .fusion-filter.fusion-active a, .fusion-fullwidth.fusion-builder-row-3 .fusion-date-and-formats .fusion-format-box, .fusion-fullwidth.fusion-builder-row-3 .fusion-popover, .fusion-fullwidth.fusion-builder-row-3 .tooltip-shortcode {color: #0000ff;}#wrapper .fusion-fullwidth.fusion-builder-row-3 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a, #wrapper .fusion-fullwidth.fusion-builder-row-3 .fusion-widget-area .fusion-vertical-menu-widget .menu li.current_page_ancestor > a:before, #wrapper .fusion-fullwidth.fusion-builder-row-3 .fusion-widget-area .fusion-vertical-menu-widget .current-menu-item > a, 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