Thread: Put your money under a mattress !!!

Well it seems they have come up with the idea that they need to charge you to store your money in the bank. It's called negative interest rates. The Central banks have already started dropping from .35 to .50 in Sweden for example. The next step is charging you to keep money in your bank. Of course this sound sill right but it's already happening. Most banks disguise it as a charge and don't call it what it is and it will grow once people get used to the idea. They are still afraid people will pull their money out of the banks right away so they will ease into this.

This pisses me off and it should you too. They keep your money in their bank and charge you for it. Then they use your money to loan it to your neighbor across the street and charge him for it. Not to mention their system allows them to loan a lot more against your money than the amount it is. Part of the Fiat system. Anyway, I say if they charge you to keep it in the bank, don't. I bought a safe a long time ago and sometimes it's stuffed and right now it isn't :<0) But if I added up what I didn't have to pay in credit card interest and fees I bet it pays for my RAD. I also use only free checking and I don't even buy checks as I pay online. My last box of checks lasted me 8 years.

I remember when bank cards first came out and the ads of how convenient they are to use makes it silly not to use them. I watched many times as idiots would buy a $1.25 coke and use that card that (at the time) cost them $.50 to use each purchase. I only spoke up when they were so happy the Big Gulps were on sale. Then I couldn't help but point out how dumb they actually were for not using cash.

Some of you may have money to burn lighting cigars and great for you. Spend it how you like. But don't turn around and complain about the cost of the cigar :<0)

Here is the article :
http://www.nytimes.com/2016/02/13/up...ockethits&_r=0