Post
Topic
Board Economics
Re: You should never trust banks
by
deisik
on 28/04/2017, 11:49:15 UTC
Trusting anyone with your money is a bad idea, when you put your money in a bank you must never trust that it will be there you need to always be careful about what you do since banks can easily confiscate your money by just making a few clicks on a screen.
banks will only do that if you are doing an illegal transaction, if not, there is nothing to worry as all banks
are govern with the law of the state and if they violate you can already file a complaint against them.
This is incorrect, may people have lost money to the banks, the most common scenario is someone steals your identity and takes all your money away and banks can also take your money if there is a crisis and the governments order them to do it and you will have no way to avoid that

That's a real problem for certain

Some people can't believe that but it happened many times in the past. In fact, it is quite common in underdeveloped countries where the government quite regularly confiscates the savings of their citizens under various covers or right in the open (e.g. by carrying out confiscatory monetary reforms), but it remains true even in respect to (more or less) developed countries. I guess the Cyprus haircut should have disillusioned everyone on this matter