Post
Topic
Board Economics
Re: Are people losing faith from centralized organizations?
by
arallmuus
on 11/08/2020, 18:40:07 UTC
I don't think there is anyone that believe Government again, this people are politicians and serve the need to selected few of the society.

You shouldnt even be living in your country anymore if you simply have no trust on it anymore.

When I see the picture of our banks in my country's, it seems lots of people in the line to withdraw their funds. An analysis of my country says that people keeping funds on their hands instead of keeping into the bank. And it hasn't happened before where a huge amount of funds holding by population. Bank reports saying, clients are just withdrawing their money, deposits are very low by comparing with withdrawal. That's why people encountering lots of questions from the bank regarding withdrawal. Most likely due to the global pandemic, people want to keep funds on their hands.

I seem to be missing this important stuff, which country are you living in?

If mass amount of people actually withdraw their cash from the banks, that would mean your country is on the brink of economy crisis but if only a handful of people withdraw their cash for obviously no particular reason at all then dont sweat it. The number of funds deposits are low compared with withdrawal simply means that there are alot of people out there that are having hard time dealing with their business on the pandemic situation

The fact that people withdraw their cash from banks means nothing at all if the top brass on your country still living as wealthy as ever even in this pandemic situation.