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ALL4one you need to be reminded that a situation you are...

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happydayz

14,285 Posts.

496

03/10/19

14:51

Post #: 40708885
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Originally posted by All4One: ↑

Well theres the problem the bank thinks it is their money. After all its not really in your account at all none of it, all you have is a digital display and a promise the bank will give some to you when you use your card. The limit on ATM's is $1000 aud per day and if you want more then you have to wait a couple of days. I went in to my bank and asked them. $10000 will take two days before you can withdraw that in cash.
You dont have any money in the bank all you have is a promise, the bank is making money investing your money and giving you nothing for the risk at all. If you have money in a term account the best you will be getting is about 1.8% and it takes at least a week to get money out of that term account.

We all of us have no money in any bank its all just a digital display and a promise they will return some at a later date.
You do not own that money at all all you own is a promise.

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ALL4one you need to be reminded that a situation you are describing would have to be a total and utter meltdown of all financial systems globally.

Hasn't happened yet, so be wary people of such prophecy.
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