they also don't know that by the terms of the "agreement" they make with you, in fact the title to the money is transferred when you deposit it, and it's their good hearts that makes them give you back... they give back only as much as it takes to not have a general strike start up...
Withdrawal limits plus inflation is killing fiat savings
A very effective waybto orange pill someone isnto start by asking them what do they think would happen if at some point, a significant percentage pf the population goes to withdraw theironey from the bank!
Great conversation starter.
Greece is a great example of what happens when shit hits the fan. They will freeze it all and take it to fix their mistakes.
Exactly, being an unsecured creditor doesn't matter to anyone until it does and you end up with a bail in situation like we saw in Cyprus or a bank run like we saw in Lebanon, then only do people realise they have no rights to that money
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