Topic: I Wish Banks Would Curl Up and Die - page 2. (Read 2311 times)

Much of this is due to authoritarians who wish to control everyone else imposing rules via threat of government force to put them in jail otherwise.  The banks are the victims here too.  Certainly there are individual bankers who are part of the authoritarian establishment or who are corrupt etc, but it is not a necessary prerequisite to banking that they have all these hoops you have to jump through.  There would be a lot of banks who would allow anonymous, no-document banking if there were not laws against it.

Prior to all the AML/KYC rules, banks were very good at protecting privacy, and keeping your business to themselves.  Just look at the Swiss banks (and others of course) who were extremely good at it until the busy-body, power-hungry politicians wanted more control to tax people to death. For hundreds of years in fact.  Now those banks face the choice of either huge fines and jail OR following what the politicians require.

Ditto for customers when the governments require that you don't use cash or whatever.  The people who should be blamed are the people who want to control others "for their own good."  Well, frankly, I don't need anyone telling me what to do "for my own good" and most people don't need it either.  But the busy-body control freaks what the power and the money from the taxes they can get from having that power.


Crystal balls need a really good cup for rough sports, by the way.  ;-)

Edit:  I agree "Financial fascism" - enforced at the point of a gun.  No better than any one of a number of "isms" that require force to implement.

Financial facism, welcome to the 21st century.

Sadly, most often we have no choice anymore. It's getting next to impossible to pay for utility bills in cash. Some companies even ask for a hefty charge if you don't want to pay by direct debit.

BTC's our only hope!

Not to mention the politicians and groups who lobby against cash and offshore banking. It's their interest to have complete control over money and their sheep.

Because their bosses won't pay their wages cash in hand.

These story tellers have bank accounts in the first place because the law compels them to use the banking system. In most 1st world countries there are many types of transactions (especially between businesses) where one has to use banks or be forced to pay fines (and sometimes even go to jail).

"Opening my mind to other methods" would require me to be able to afford to overthrow my government. Even Satoshi with all his BTC wouldn't be able to afford to do so.

You don't need money to live. And even if you decided to use money you could (still) use "unbanked" cash.

However it's much harder to live without banks because most people rely on their services. It is dictatorship of the majority for the disadvantage of the majority.

ya.ya.yo!

Because you need money to live

The current system is "enforced" and mandatory for everyone.

You cannot escape it without becoming a homeless wandering on the streets or lowering your living standards significantly.

i love these stories.

people insulting the banks, but the crucial thing these story tellers keep forgetting...

if they truly didnt need banks and truly felt banks disapearing would be great..................... why do these story tellers even have bank accounts in the first place to complain about.

the moral of the story is that until you are not reliant on a bank and open up your mind to other methods.. banks will survive.

+1


The other day I got a letter from my bank (business account), they proposed that they will charge my accounts with 208% of the transaction fees paid in the period of jan-apr 2013...A few days later they have decided not to do that and apologized through the media.

I got so many frustrating experiences with banks, I think they are obsolete and I really hope that I'll see them go out of business.

banks still exist, but adapted to suit new models. In Sci-Fi, time is the unit. In real, banks never die, they just make stronger with bitcoin and gold. There is one question, When the last gram of gold is found, how would this be?

Just read a post in "Newbies" where a Danish person was rejected by BitStamp for unacceptable documents to verify opening an account.

A friend of mine today told me he could not transfer funds from his Australian bank account to his Thai bank account without completing reams of paperwork, which will take weeks.

I have been waiting nearly six weeks to get funds transferred from Turkey to Thailand, both accounts in my name.

I could go on with a few more examples.

All this cr@p is due to money laundering laws, AML.

The sooner banks, US government and their allies crash and burn the better off we will be.

I wish I had crystal balls to see the future with BITCOIN ruling the world and everybody can live peacefully without the fear of bombs being dropped on you because you disagree with other dominant governments.

It is always the good people, the majority, that are penalised because of the bad minority.