Quote from: shinratensei_ on Today at 01:30:14 AM

Quote from: 2Pizza410000BTC on January 14, 2024, 01:55:55 AM

Quote from: Bright0515 on January 03, 2024, 09:34:59 PM

In this recent economy we have witnessed some hardships financially and many other aspects now coming to say there is no money in the bank how possible is that can you imagine saying the river has no water? We are in the new year now huge sum of money have been signed by the government for projects but in a very short time they suddenly come out to say the country is running out of funds the country needs to borrow money from other countries the money signed in your own country where are they what is the duty of the bank in your country imagine a bank giving you the maximum amount you as a the account owner can withdraw from your own account sometimes I just feel like the bank isn't a safe place any more.
Come to think of it what if someone has a very serious score to settle for example someone who has health issue and needs money urgently then you go to the bank and they tell you there is no money in the bank for now so where does the bank want people to save their money if the bank at some times can be this disappointing should we go back to the system as at the old days where you bury your money or put them in your ceiling for safety please it's no joke anymore banks should try to be reliable as to gain trust from customers because many people are not comfortable with this system

I don't know how safe it is to keep money in banks in unique countries but there is no safety in keeping money in banks in my country. Every bank in my country is short of money, when a person goes to the bank for money, the bank directly says that there is no money in the bank now, you can come later. Currently, the financial condition of my country is very critical. In this critical situation, keeping money in the bank is the most risky. My father had some money deposited in the bank, when I took him to withdraw, they said they can't pay me now, I have to come after a month. After a month I went and withdrew the money from the bank and left it at home. Because people's calamities can happen at any moment, if I can't withdraw money from the bank in case of calamities, then there is no point in keeping money in that bank. I want to tell every person from this Bangladesh that you who have prepared to keep money in bank or those who have kept money in bank withdraw all money and those who have prepared to keep money do not keep money in bank because keeping money in bank is most risky now.

its the important thing with diversification though rich people will definitely feel uneasy having all money in bank because they could hardly withdraw it or need to go through complicated process but if they just put it in stock as an investment then withdrawing money become easier since the liquidity is not depending on one entity.
i think the thing with bank is that due to the fact that they also give loan to people majority of the money aren't really being saved its being used to gain much more money therefore any bank rush will cause collapse.
but at the end of the day if the government guarantee that your money is safe by giving reimbursement if thing goes wrong, then I think its pretty much safe, the moreover money transfer is easier than ever, nobody deals with cash these days thats why i think bank provide less and less cash.

The rich might cringe at the prospect of their wealth in a bank, susceptible to bureaucracy's slow dance. However, stocks as an alternative? It doesn't work for everyone. Stocks offer liquidity but also volatility. Like a rollercoaster, it's thrilling but not for the faint of heart

Not simply huge piggy banks, are banks? More like jugglers, they balance loans and savings. Bank runs are like ripping a rug from under their feet, bringing them down and possibly the economy. Government guarantees provide a safety net. It's cozy like a blanket. However, it's not perfect. This digital age is making cash a vestige of a simpler time. Banks evolving is not weakness; it's a step toward the future. In nature and finance, adaptation is vital to survival