why do we keep all our money in bank accounts?

[jerrycan dan]

Isn't this pretty fucking retarded when you think about it? Look at JP Morgan and the porn stars, if (((they))) want to close your bank account and steal all your shit they can at any time. If the economy collapses like it did during the great depression, putting all your money into a bank can have terrible consequences. What happens when the rubber hits the road and the global economy eventually collapses?

How is keeping your money in a bank smart at all? What fraction of your money is stored in physical cash in your house?

 

[Grotesque]

I need a bank account to get NEETbux but I keep most of my shekels in my house.

 

[shoji]

I need a bank account to get NEETbux but I keep most of my shekels in my house.

what if you get burglarized?

 

[CopeWithTheRope]

the federal reserve won't stop until it takes over the world. look at leaders/countries that refuse to recognize the US dollar as the standard, there's a pattern.

 

[blackcel]

Because the world revolves around the fake money that the banks hold. I could hold my money in US banknotes at home but that would make everything unnecessary difficult.


The smartest thing to do would be to diversify your assets. But that is only for people who have enough money to care.

 

[Michael15651]

The smartest thing to do would be to diversify your assets. But that is only for people who have enough money to care.

 

[WillyBlogAndFriends]

Banks do not own your money, they are the reserve trust that you given a license (in the principal) to hold your wealth

Your assets is protected by the FDIC regardless of what bank you choose, if they shut down your account, you have your funds that will need to be cashed out or transferred to another trust (bank)

 

[jerrycan dan]

Banks do not own your money, they are the reserve trust that you given a license (in the principal) to hold your wealth

Your assets is protected by the FDIC regardless of what bank you choose, if they shut down your account, you have your funds that will need to be cashed out or transferred to another trust (bank)

just entrust literal jews and the government with your life savings theory

 

[Blacktarpill]

In some countries; it is illegal to have enormous amounts of cash.

 

[WillyBlogAndFriends]

just entrust literal jews and the government with your life savings theory

consider this, 99.9% of humans believe a piece of paper backed by the government has value

you are low iq if you think reserve banking is a jewish meme

 

[jerrycan dan]

consider this, 99.9% of humans believe a piece of paper backed by the government has value

you are low iq if you think reserve banking is a jewish meme

how is a meme not a meme just because everyone believes in it
honest question I am too low iq to answer

 

[WillyBlogAndFriends]

how is a meme not a meme just because everyone believes in it
honest question I am too low iq to answer

because the utilitarian value is the the absolute belief that the money is the physical representation of a tangible good worth a tangible value

the moment a bank seizes your assets that is not related to 1) illegal activities 2) international espionage 3) geopolitical issues is the moment when the your money has the same worth as an african shekel

Indian money has value, Chinese money has value, Egyptian money has value, individual African states and hyperinflated governments like Venezuela has no utilitarian value because the dominant majority of the population does not hold the absolute belief that the money is a tangible good

the u.s dollar or any western currency will never lose confidence because there will never be a law or regime changes that wipes out the OWNERSHIP of debt

on the individual level, you own the money and not the bank up to $250,0000, and the remaining value that is lost if the bank closes means that you become a creditor to that bank and will have the ability to seize their liquidate assets

this is unlikely the case as corporate debt is piss cheap hence from 2008 to 2018 corporate debt increased 50% to some $1.7T

 

[Deleted member 14577]

you are low iq if you think reserve banking is a jewish meme

 

[Deleted member 6470]

I have my shekels under my mattress.
I sleep better tbh.

 

[Deleted member 1410]

my housing company owns my assets. I cannot do it.

 

[Insomniac]

The Jews have us by the balls

 

[Deleted member 1410]

The Jews have us by the balls

pretty much, my landlady is a literal kike.

 

[Angry_runt]

I keep the bulk of my money in my bank so I don't have to deal with cash and change and I think my money is as safe in my bank as it is in my house. But I do have money elsewhere and some investments I can sell. A month of emergency food and water too.

 

[Deleted member 15737]

I have several pounds of silver in a lock box at my house and I keep my paper money in the bank. Even if the economy collapsed, I only have around $800 in the bank.