After the last twenty months or so, you'd be a gigantic idiot if you kept any money in a bank. I'm glad some of you aren't that stupid.
This is the reason they're trying to get control over crypto as well. Crypto won't help you if you don't have access to the internet or electricity.
They are welcoming crypto with open arms, where the fuck have you been?
Some people think crypto is the mark of the devil because it's a worldwide currency. I think it's a method to push back against the fed reserve for example if I work and get paid in crypto and buy my food and home with crypto.... At what point should I pay taxes on any of that? If I use a privacy crypto like Monero it seems that the gov wouldnt even be able to confirm anything.
This is why you're poor.
If you don't have electricity or internet you are absolutely fucked anyway. You think this is a good argument, but it won't matter for shit how much money you or anyone else has in a situation like that. You'll be spending all of your time hunting to little avail.
You raise a good point. It's not about it being "a good argument" but more something to consider when looking for alternatives.
Keep a little cash in the bank for paying things online etc. but even not in a bank keeping dollars is just stupid. They're taking their value away at a rapid pace, even if stashed under your mattress.
Maybe just enough to pay bills and that's it. Otherwise, you must making negative APY every year.
What about 800k in retirement funds?
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