Since you can't just go to a bank and get all your money, and they were supposed to keep your money safe.
This doesn't even make sense. Of course you can go to a bank and get ALL your money. What makes you think they're a farud?
No if everyone else is trying to do the same thing. And, depending on how you do it, it may be a crime to get your money. For instance, it is now illegal in the US for someone to transfer money out of a savings account more than 6 times in a 30 day period.
Silly premise. Aren't there enough REAL problems to worry about without making up dumb scenarios like that? Gas is back up to $3.27 a gallon. I can assure you more people suffer from the high price of gasoline than the remote possibility of a bank stealing their money.
Sorry about my spelling. Any Ken is right. You can't get all your money is everyone else is. In fact, your money is loaned out to corporations.
What a childish view of reality. The banking system is not based on 100% access. The reality is that society has no desire to have its money under a mattress. Is it possible to have a national bankrun, sure, but not very likely. The idea that it is loaned out to corporations is silly, most is loaned out to individuals(credit cards, car/boat loans, small business loans, personal loans).
The problem with storing money under a mattress, aside from the danger of theft, is that one loses purchasing power constantly due to the biggest banking fraud of them all - the Federal Reserve and the legal tender laws that enable it to prevent you from using a more stable form of money. Deposit banks also cannot exist, which is where someone might store money that is not lent out or in which the reserve requirements are extremely conservative (like 100%.) The fraud is in being told that the only acceptable form of bank is what the government says is good for us when really it's what is good for government and the politicians who love to spend money.
Those only cover online transactions. Need money? GO TO THE BANK. Duh.. WTF is everyone too lazy these days to go inside and speak to a teller? I'm at the bank at least 3 times a week.
I don't think you are that accurate. Money is loaned by all banks at overnight interest rates to corporations every day of the week and for that matter, weekends too. Banks make a gigantic amount of revenue annually from lending out your money at a rate they would never dream of lending it to you. Consequently, they make a fat profit from money that isn't even theirs. Just how more capitalistic could it get?
its not YOUR money its theirs LOL You are just renting it as tools for commerce. You only owned your money when we had real metal for money when you could melt it down and use it for something else. I suppose one could say we can use todays money for a bon fire..
Hmm, it really isn't the banks money, it's your money. But apparently Obama and bernanke think they own your purchasing power, as the continue to steal it every day.
