"Your Bank Despises You." (essay by Dr. Vernon Coleman)

[Old Curmudgeon]

 

I predict this is coming to Thailand.

 

Posted today by Dr. Vernon Coleman

https://www.vernoncoleman.com/yourbank3.htm

 

Quote

"I recently tried to take some of my money out of my account and was shut in a room and interrogated like a criminal before eventually, and rather begrudgingly, being given an envelope containing the cash I’d asked for."

‘So, why do you want this money?’ asked the impertinent bank clerk.

‘To buy sweets,’ I replied.

Bang. I could tell from her eyes that the metaphorical shutters had come down.

The clerk looked at her screen as if it were telling her something.

‘Your request has been blocked,’ said the clerk."

 

... All the horrifying details at the link above.

Bad enough it should happen at our home-town bank, but out here, on the other side of the Earth, in a foreign language?

Oh, my!

 

 

[Will B Good]

Maybe take it all with a pinch of salt....(sacked by The Sun for being too controversial!!)

 

Coleman has attracted significant criticism for his views, particularly regarding:

 

• Vaccines: He is a vocal critic of vaccination programs and has been accused of spreading misinformation, particularly during the       COVID-19 pandemic.

• Pandemics and public health measures: He opposed lockdowns and questioned the severity of COVID-19.

• Climate change: Coleman has expressed skepticism about mainstream climate science.

• Alternative medicine: Promotes some unorthodox approaches to healthcare.

 

Although to be fair....that list will make him a hero to many on here.

[Old Curmudgeon]

1 hour ago, Will B Good said:

• Vaccines:

• Pandemics and public health measures

• Climate change

• Alternative medicine

 

For exactly those views he is one of my heroes.

 

His early and strong warnings about the vaccines, alerted me to avoid the jab.

I just wish I had some ideas how to avoid the coming bank "troubles".

 

[FlorC]

I had this happen back home . They refused to give cash (about 10 k euro). They threatened to end " the bank relation ".

Not yet here in Thailand . I take out everything but the 400 thb minimum 7 months for immigration .

"Your Bank Despises You."  > I despise them much more.

[Red Phoenix]

Most people are not aware that legally the money on their bank-account is NOT theirs.  The moment you (or someone else) puts money on your bank-account, that money now belongs to the Bank, and you are simply a creditor of that money.  And the rules for withdrawing money from your bank-account can make it quite difficult to get access to 'your' money.  It is therefore wise not to solely rely on 1 bank for all your banking transactions, but besides your main bank, to spread it over different banks.  

[Old Curmudgeon]

@Red Phoenix -

Thank you for that post.

This question: Is there any way to mostly avoid the banking system?

To keep money out of their clutches -- and move it in to a bank only as needed?

 

[ChaiyaTH]

It's still like a wet dream here so I'm afraid that is not lasting much longer indeed. In Europe you already get blocked or issues for just a few thousand euro's or papers with dozens of questions.

 

Here you could deposit a few million baht tonight going to machines doing 100K a go and nobody even asks. It's almost insane actually how easy it is here hehe.

[ChaiyaTH]

39 minutes ago, Old Curmudgeon said:

@Red Phoenix -

Thank you for that post.

This question: Is there any way to mostly avoid the banking system?

To keep money out of their clutches -- and move it in to a bank only as needed?

 

Well they are only moving people more and more into digital money, here too. So eventually you will already get the issues that specific places require simply digital payments or it becomes a 1 hour process etc. 

There is tokenized gold that is 1:1 in vaults and regulated by New York and London such as Paxos Gold (paxos.com). I bought some myself as it is simply more liquid than real gold is, you also not deal with the premiums and can buy/sell as little as 1% of 1 ounce. They also provide digital dollars for Paypal.

 

You then have essentially all benefits Bitcoin tells you you will have, without the Bitcoin price changes.

[Red Phoenix]

6 hours ago, Old Curmudgeon said:

@Red Phoenix -

Thank you for that post.

This question: Is there any way to mostly avoid the banking system?

To keep money out of their clutches -- and move it in to a bank only as needed?

 

Hi,

Keeping it 'under your mattress' is an option, but not a good idea when it are large amounts.

Buying gold or land is better, but you will be confronted with quickly finding a buyer when needed, but for longer term storage keeping it in valuable physical assets in your possession will ensure that when the digital bubble bursts that you are not completely in the cold.

But for day-to-day living there is no escaping having a bank-account, but as I wrote earlier: do not rely on one sole bank but spread your money over different banks (preferably besides a domestic bank, also a foreign bank and an Internet bank).

In the mean time > whenever possible and not too inconvenient: use CASH for transactions, instead of the poisoned convenience of paying for everything with your bank-card.

[Phillip9]

It's really not the banks fault.  It's the fault of the governments who have made the banking laws so complex that it is becoming increasingly difficult for the banks to follow the laws if the customer does anything at all that is atypical.