Do You Know Why Banks are so Scared of Crypto – They are Like Taxis Were Verse Uber – Bad Service, Overcharge, and Rarely, If Ever Have Innovated
Truthbook Post By Jamie McIntyre
Do you know why banks are so scared of Crypto – they are like taxis were verse Uber – bad service, overcharging, and rarely if ever innovated. Elon Musk rightfully highlighted this when he was starting out with what become PayPal. Notice how only after cryptocurrencies took off, did banks, come up with instant transfer. They refused before that. Banks are not safe. You put your money in them, thinking they are safe. They take your money and invest it in high-risk investments or lend it at multiples. Your actual money, when deposited, disappears to like less than 6% of actual real money. Ie if everyone wanted their money out at the same time, ie like in a bank run, less than 6% could be paid out. Banks own the tallest buildings in most cities for a reason. They are so rich. They are an unnecessary monopoly and tax on society. Bank Executives take large gambles on your money, pay you almost zero interest, and if they fail, they come for a taxpayer bailout (your money to replace the lost money, they made large bonuses on risking for years) Thus the idea “as safe as money in the bank“ is an illusion. Not to mention, we don’t need banks anymore. Cryptos and fintech technology, it represents, is a game changer. Cash and crypto are good. And we must ensure they both remain and grow. CBDCs ie Central Bank Digital Currencies are bad. Who you decide to support, will determine humanity’s future. Learn to say “no“ to our puppet Western Governments, and big banks. Start using crypto and pay with crypto. It’s easier and cheaper and faster, once you learn how to do it. And have cash spare to pay the small business at times to better support them. Communities in 3rd world nations use crypto and cash very well. We should do the same. And now with Stablecoins like USDT, USDC and BRICSTether, assets backed up to 100%, verse banks 1-6%, then crypto and cash can be a great future without banks or pushing banks to a small niche player. Not rulers of the world that can enslave us and own us.