By in Business

We're Willing to Take the Money Out of Your Wallet While You're Not Watching!

It's funny how institutions, originally designed to help, have since turned to bite Society on the buttocks! Banks helped the little guy get a home, the "Country boy" develop his barn, the suffering victim pay off his medical bill.

Now they're just a bunch of greedy blood suckers!

Interest rates banks charge are now the interest rates loan sharks used to charge. They even charge to maintain some accounts in which they store YOUR money.

Then, they pushed hard to automate for your benefit. Um, excuse me? One or two less tellers to pay a salary to, isn't that the real motivator? A mere half an hour away, a man was murdered while with his wife obtaining money from an ATM. Would that have happened inside a bank?

And timing. Well, banks would work with you if some short-term problem came up. Forget it now, Charlie.

And what is another fairly modern development? Automatic withdrawals. "Oh, How kind of the banks! How thoughtful!"

I prefer to think of it in this way, as if in their own words... "We're willing to take the money out of your wallet, if you really want us to. Just whistle. You know what whistling is, don't you? You just put your two lips together and your money blows."

Image Credit » Pixabay

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MegL wrote on April 12, 2018, 10:05 AM

And as well as that, they are pushing for cash to disappear. They want all payments to be by card. Their reasoning is that cash is easily stolen and it costs money to transport it round the country. But do you know what they get? Yes DATA, just like the data Facebook allowed Cambridge Analytica to use to influence recent elections and referenda. The banks already hold a lot of personal information about you, your age, address, credit status and they get more when you use a card to purchase stuff. If you can no longer use cash, they will know everything about your lifestyle, right down to the last piece of candy you bought. That data is worth a LOT of money. Cambridge analytica and its partners used information from Facebook, together with answers to some questions to predict how people would vote. Imagine how much more the banks could do with the level of data they would have!

VinceSummers wrote on April 12, 2018, 12:51 PM

A great comment. Now we have to worry about the new idea of phony baloney money, the replacement electronic stuff. No wonder things are falling apart, or are at least getting worse.

MegL wrote on April 12, 2018, 4:22 PM

I also think having only electronic money is a means of getting people into debt. When you have a purse or wallet containing cash. You can see how much you have and how much is left. With an electronic spending card, you may not realise it is empty until you go to buy something and the "cupboard is bare". Adults with bank accounts may go overdrawn unknowingly.

Last Edited: April 13, 2018, 4:42 AM

VinceSummers wrote on April 12, 2018, 5:07 PM

Again, Yes. And, of course, there's interest considerations.