Post
Topic
Board Economics
Re: You should never trust banks
by
abel1337
on 16/05/2017, 15:16:24 UTC
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you helped the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

This is why we all support bitcoin.

I don`t trust banks, but unfortunately they are too powerful and sometimes you don`t have choice and

you need their service.

Bitcoin will change all this.
I think the bank who closed the account has a valid reason why they closed the account , I agree that banks are very powerful But if they break the law they can possibly put it in the jail. I have a bank account before but I personally closed it because I choose to invest all of my money in bitcoin.