The banks don't have your money. In fact...
- They never had it. Fractional reserve banking means they only ever had to keep a small fraction of the deposits they were supposed to hold. Even these lax requirements were removed recently in 2020, supposedly in response to the Covid pandemic, but in reality so that they could more easily steal from us.
- Your money wasn't money to begin with. The US dollar is fiat currency, which is printed out of thin air and is backed only by "the full faith and credit of the United States government". This faith is eroding worldwide at an exponential rate.
- The currency itself is a debt liability. Actual layer 1 monies (like gold and Bitcoin) do not need to be backed by anything and they are nobody else's liability, because they inherently contain all of the properties that naturally make them desirable to people as money, without needing to be decreed by any central authority. These properties are durability, divisibility, portability, fungibility, verifiability, and (most important to our current discussion) SCARCITY. When money is easily reproduced and is not scarce, every new unit released devalues every existing unit in circulation. This is called inflation. This is what the central banks around the world have been doing to us for decades. It is legalized counterfeiting.
Hard (meaning hard to produce) bearer assets (meaning assets that you actually hold) and commodities will be the only things from our current system to survive the impending global financial collapse. The fiat ponzi house of cards is about to fall. They create the problem, so that they can provide the solution, which will be more easily accepted by the population. The solution to the eventual collapse will be new Central Bank Digital Currencies, which I like to call Slave Coins, or Surveillance Coins. These coins will give the governments full access and control into your personal finances, and by proxy, your freedom of speech and your freedom to transact. Prepare yourselves.
