Is it wise to keep money in bank🤔?

The bank is a trap and many of us know it very well. In fact, each person who knows how the banking system works must agree with me. The banking system was created to control the money of people. For some people, the interest of the bank seems huge but actually, they are nothing more than a fool because they don't know how the banking system making them fool. Keeping money in a bank means giving the authority of our own money to the bank. So that banking system is the one which controls our money. Cryptocurrency is the solution which can give us full access to our money but most of the government are still against it because the government doesn't want to lose control of money.

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As cryptocurrency is not legal in most countries, people need to trust on Bank. In fact in the current time still people believe in the traditional banking system more than cryptocurrency where it's little. It's because of fear of accepting cryptocurrency. New things come with fear and cryptocurrency is not different from it also. But we time the problem will be resolved automatically. I believe in cryptocurrency but my parents and all the nearby people believe in the traditional banking system. And I failed to make them understand how bank making us fool. Besides some people run away abroad by taking money from banks, the general people the fund in various ways. Today I am going to share a real story of one person who is controlling the banking system in our country.

"Mr. X" was one of the richest men in our country. He was a very good businessman and he was earning a very good profit from his business. He has many industries which was increasing with time. After a certain time, the businessman took entry into the banking system. At first, he bought an important share of a well-established, trusted non-government bank. With time interval he increased his share/stock on that bank and after crossing some more days he decided to open a new bank of his own and he did it.

A New Bank opened and within some years that bank turned into a trusted one. Still, people believe that and people keep their life savings in the bank also. That person used to offer the bank job mostly for his local people. A little education qualification and being born in that local place was enough to qualify for the bank job where many more qualified people were searching for jobs here and there. In the beginning, people thought that that person doing it because he was trying to develop his local place and the lifestyle of local people. But unfortunately, it was not good for the development of the country because a truly qualified person wasn't getting a job there.

A few months ago news published that "Mr. X" stored a huge amount of assets abroad and the amount was so huge that it wasn't possible for him until he had done money laundering. This means that somehow money has been transferred from our country to abroad which is a crime. The government gave him the notice to show the proper source of those assets. Surprisingly the local people started to protest against the decision of the government. That time we realized that "Mr. X" already made a gang to support him blindly no matter what the situation.

Because of manipulation and corruption "Mr. X" stopped the investigation procedure against him and everything became normal. Some inner information leaked at that time. "Mr.X" had taken a huge amount of money from his own Bank and there was no one to stop him from taking the money. Moreover "Mr. X" has taken a huge amount of loans from other banks by the name of those local people whom he has given higher position in his bank. Because they received higher positions they couldn't deny for the loan. Those people will be trapped if "Mr. X" runs away from the country. Not only those people but also the whole country people suffer for it because the amount of money is so huge that it will create a huge impact on the economic condition of our country. Another inner information leaked that most of the banks do not have the liquid money/liquidity of the user. If some user withdraws a good amount of money then we will be able to see it.

"Mr. X" is the only single person who can influence and control the money of other people and he is capable enough to snatch the money and there exist good possibilities of it also. In other banks, there will be someone like "Mr. X" which means the bank is not a safe option like in earlier times. Do you think it's a wise decision to take the risk for little APY? My answer is "NO". It's better to keep the control of money in our hands and decentralization is the only way which can give us full access to our money.

It was just one real story and many stories like that are still unrevealed. I think we need to learn lessons from it otherwise we might lose our life savings for keeping our money in the bank thinking that it's safe there. Think before taking a decision otherwise regret it later.