Forum >> Off-Topic Chat >> Is it Safe to keep our Money our banks?
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[MOB] Mr. Montana [inactive] Post Count: 106 Respect: 128 | 05 Dec 2015 02:16am |
http://moneywise411.com/no-cash-banks-refusing-to-release-funds/?ppc=425299 |
[BBI] EaglesxLegend [idle] Post Count: 156 Respect: -113 | 06 Dec 2015 06:24am |
[PND] evilwam420 4sale [inactive] Post Count: 55 Respect: 139 | 08 Dec 2015 03:56am |
i work at for a bank, and a scary fact 95% of the money across the world is digital or on some sort of promissory note. The remaining 5% is in the form of physical cash, which are again promissory notes but it can be treated equivalent with value because it is universally accepted. |
[PND] evilwam420 4sale [inactive] Post Count: 55 Respect: 139 | 08 Dec 2015 03:58am |
and as for the SAR its a way to track for AML (anti money laundering) and ATF (anti terrorist funding) |
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