Americans are opting out of traditional banking...

I see a few things happening banks are increasing there fees and pricing certain class of people outside the normal banking channels.

Walmart is doing a huge push into this area and seems to be filling in the gap.

My Personal experience is a little different than most.

My Household has 3 bank accounts@different banks and 2 Semi-bank accounts (Walmart Money Card & American Express prepaid card)

I've been moving all my assets into more protected fashion over the last 5 years.
Trust Funds to Hold houses
LLC to Own Cars
Etc

I can only un-bank so far because the Semi-bank cards do not limit your loss against theft.
The Best I can do is close my 1 for Profit Bank account since my other 2 are with credit unions.

I can only store so much wealth into Bitcoins because there isn't any insurance of theft.(No FDIC)

When you Unbank and try to go cash only, your risk of theft goes up also.

I think the best hope is going to be MtGox offering Some kind of BTC Cold Freeze with insurance.

I could always AIR-Gap a Raid System to store my BTC, but then I still need to do Encrypted Offline Backups.

I lost all faith in banks because of Libor Fixing and Maybe Silver Pricing Fixing.
Now I considered everything rigged against you

Topic: Americans are opting out of traditional banking... (Read 788 times)