Nostr

banks closing accounts worldwide:

https://www.youtube.com/watch?v=rtvbv0PiRK0

A deposit deposited in a bank is a loan to the bank. The bank can default on its debt at any time, hence the bank can freeze accounts of its clients

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Discussion

dr.fred 2y ago

true

not your money

most people do not know that

they will have a hard wake up call

SMS 2y ago

Sovereign Being 2y ago

Exactly. You are a creditor to the bank if you deposit your money. Once you do, if you read the T&C's, it is no longer your money in the event something goes wrong.