Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
Harriti
on 06/12/2020, 15:38:57 UTC
With the world's economy collapsing, people are looking for alternative safe-haven assets to use in times of turmoil. Interest in crypto has sparked a lot ever since the stock market went on a decline. If people decide to use crypto, precious metals, and physical cash, will it be possible to live a normal life without a bank?
becomes hyper-inflated.
What are your thoughts? Huh
In my case, I would never leave the bank and continue to support it. The reason is because I fear man's liberty and the built-in power of the rich.
If one day banks die, democracy and then the rich will become a new private bank. They will also soon use money to manipulate and the economy will once again become unbalanced. When they hold too much money, that is when they have the right to do everything they like, that will lead to political and economic chaos.
What we need is the management of the bank's cash flow, which needs to be balanced and properly distributed so that the economy doesn't fall into alarm.