is your money being controled?

DEBANKING & CANCEL CULTURE AT BANKS. 

Almost daily you can hear of someone who had their bank account closed, or who was not able to open a bank account with a specified bank. Although banks are legally not supposed to cancel your account or prohibit you from opening an account without legal cause, it still is done. Case in point, is look at how they treated President Trump and the First Lady Melania Trump with respect to their banking. They were canceled at several banks. Yet the banks said it was not because of any political reason. They offered no reason! Bottom line, if they can do it to a US President, they can do it to you! 

IMPORTANT: Fees are important to make note of. No matter what form of currency you may choose to use in your day-to-day life, you must always consider fees, exchange rates, interest rates, margins, etc. so you don’t get caught off guard but maintain your fiscal soundness.

The Bottom Line

The history of money is still being written. The system of exchange has moved from swapping animal skins to minting coins to printing paper money, and today, we appear to be on the cusp of a major movement to electronic transactions and commerce.

Ancient transaction forms have been co-opted: for example, bartering still occurs on the margins in some markets such as the business-to-business (B2B) space and some consumer services. The monetary system will surely continue evolving as long as humans require a medium of exchange.

The value of money depends on the importance that people place on it as a medium of exchange, a unit of measurement, and a storehouse for wealth.

Conclusion

There are multiple ways to do your "banking" without using traditional banking. These alternatives provide various options for individuals seeking different banking experiences. Each type has its own advantages and disadvantages, making it essential to choose based on personal financial needs and preferences.

Keep in mind what you really need money to do for you, and how and when you need it done. You may have to make a greater effort than just depositing a check into your bank account. You may have to change where you bank, how you convert money from one form to another. The extra effort, however, is for you and your loved ones; so you’re worth it! 

Remember, DYOR (do your own research), seek professional guidance and secure your money in the way that you feel is best. 

Money allows people to trade goods and services indirectly. It helps communicate the price and value of goods and provides individuals with a way to store their wealth. It is valuable as a unit of account—a socially accepted standard by which things are priced and with which payment is accepted. However, both the usage and form of money have evolved throughout history.

Has the development of money, currencies and banking in this era had a positive effect on you and your family, or have you been taken advantage of without your knowledge or consent? This is the question we need to ask ourselves. Determining what we feel the answer to that question is, will help us chart the course for how we can protect our money and safeguard our fiscal future.

If you control your money, you control your life.