So 7 days later I have my new debit card. Finally able to get money out without having to drive 20 minutes down the highway. Now I just have to fix up all my internet accounts. What a pain. Bloody Australian banking system which is always getting massive profits but their customer service is laughable. Oh well. Vent for the week.
The big banks in Belgium are rip offs too. They get 3.25% on deposits from the ECB and you get 0.5% on average as a client. They bank the difference.
You need to go to small banks if you want better rates but most people don’t do that.
I watched a show how banks work. They are a money making machine.
Every deposit, they re-lend 90% of the money and make tons of interest etc on it. Very interesting. On YouTube by Johnny Harris.
@rogueone glad you got your card. Helpless without it.
Physical money will be a thing of the past in the near future i reckon. Crims will have to become more tech savvy.
Word paper money is a thing of the past
You have my sympathy.
I think banks in islam work differently.
They are not allowed to do that from what i have read.
Lol, if banks didn’t have customers they’d go broke!
Somehow they always seem to forget that though
In my opinion there will always be a demand for physical money because virtual money is too easy to steal.
Ofcourse there will always be a demand for virtual money too. Even back in the olden times they had written credit notes and such that you could use to access you money in a different place without carrying it everywhere. Imo not much has changed.
Virtual money is ultra convenient so people love it and use it as the every day choice, but I’m the end I think cash is king. Whether it be gold, paper, or a hard drive with digital money on it.
You need something you can protect physically. I guess I’m not disagreeing really… Because a hard drive is not really traditional cash so I think we’re both right.
I agree with everything you said but the one thing that hasn’t been mentioned is that paper money is used for illicit purposes people use American dollars globally for criminal Enterprise if money was no longer physical but rather digital it would seriously put cramp on the style of criminals worldwide
No paper money=less abuse
Only if we trust our institutions.
And there will always be gold, oil, water etc
It’s about control.
Some people find cash money = freedom because that way the Government can’t track where you’ve been and what you bought.
Like with any freedom it can be used for good or bad things.
Did you know the total value of money on the planet is $82.6 trillion
Does that include the price of our precious nature?
Yeah thats my point. Where is the value?
Loool great and I have about 82 cents of that
@rogueone That is a pain! I’ve had to do that too. Adding a new one to the internet sites does take a good deal of work and effort. Remembering all of the sites was a challenge for me. Yuck. I hope it goes smoothly for you!