Post
Topic
Board Economics
Re: Nowhere to Hide: IMF Advocates a Cashless World
by
Faiyz
on 12/05/2017, 11:03:48 UTC
You make a few false assumptions in your post

First, banks and large international corporations are essentially the same. Some corporations even set up their own banks (though the connection may be not open, of course), so they can't possibly steal their own money. Further, you erroneously assume that the wealth of both big and small corporations consists in money they keep in banks. This is obviously not so. Even the largest corporations may have a very small amount of money in their bank accounts, just enough for current operational expenses. And if these expenses are small it doesn't make sense to keep plenty of money in the bank account

#1 No one said banks and corporations are the same.
#2 Corporations do not set up banks.
#3 Corporations do keep their money in banks. Specifically banks which function as tax havens.
#4 Many large corporations have $20-$50 billion usd stockpiled. That money has to be stored somewhere & banks is where they store it.

1) I don't know about anyone else, but I said exactly that. I can repeat it again (in case it didn't get through somehow), big banks are international corporations on their own (but you may choose to disagree, of course)
2) You may want to learn more. For example, you may start right from here
3) Indeed, they keep their money in the banks. The question is about the amounts kept there
4) You may want to provide strong evidence

And as an aside, do a few checks first as well as who said what before submitting your posts (I don't mean just this post)

I think the main issue would be that if people in the near future can hold transactions without requiring a bank, then high chance there stock would drop because no one is really using banks to store money. Also is people knew how to manipulate btc, most of there investments would be in btc and again not in banks. Somehow this is also some effect of btc in the economy but as u guys stated, they can't tell us what and where our money goes.