Consider carefully of what a society is, before one runs off with one's money out of the banks.
1. Bankers, no doubt, are and had been the greatest fraudsters of all time. They gave the illusion that they are rock solid, and will always be able
to return despositors their funds anytime.
But the truth as proven by the financial crisis, they could not, and the taxpayers had to bear the brunt. Bankers privatised profits but socialised
This was due to failure in regulatory measures by the govt to check and ensure that bank do what they are supposed to do - accept deposits and give
out interests, and capital when asked for it. Govts did not have the guts to confront banksters when they shout out that govts should stay the hell
out of biz and leave them alone in the name of capitalism.
The banks grew greedy and indulge all wild manner of trades and derivatives, and suffered. In order not to hurt the innocent depositors, govts (
People) around the world undertook the pain to give guarantees, by using its tax revenues to ensure all will get their funds back, WHILE at the same
time, push for much needed reforms and sustainability for banks, an essential trade commodity for civilisation to progress, to continue to operate.
Unfortunately, some banks refused and thus today's bank failures yet again, and had hurt the many other banks whom had been responsible and yet will
be drawn to the ire, and worse, consumers taking out their monies and getting robbed or stolen when they placed it home.
2. In times of national emergency, the individual will have to sacrifice that individuality for the sake of the whole, or none will survive. It is
only in unity whereby strength can derive from.
Alone, our funds are small, but when combine, it will be substantial, to help out others whom need the funds more desperately than others.
But when we think solely for ourselves, such monies will only sit at home gathering dust, while many others whom needs it starves or dies.
Cyprus, New Zealand and others had failed to reform their banks with better practices, and had caused national economic emergencies. If nothing is
done and let the banks fail, many will suffer, needlessly.
Instead of putting up guarantees by govt in the past, the govts now uses tax as a method to stablized economy, for far too many of humankind had only
proven selfish, by cheating the system of depositing smaller deposits spread out in many banks to get the guarantees, and outright withdrawals and
keeping it at home to gather dusk, ensuring no money circulates and thus the collapse of the economy.
Think carefully - did govts ( The People) robbed the nation through such one time tax, or had only govts ( The People) tried to stabalized the
circulation of money during an emergency so that society may pull through this difficult period and survive together as one?
IT is still one's choice to choose - to live in jungles free as a bird along with its survival rate, or live in a civilised shared community with its
responsibilities to survive far more longer.
edit on 19-3-2013 by SeekerofTruth101 because: (no reason given)