30 They're trying to make it illegal to withdraw cash in the UK. Bank teller refuses to allow cash withdrawal, threatened to call the cops on customer for issuing the request. (youtu.be) posted 1 year ago by KiloRomeo 1 year ago by KiloRomeo +31 / -1 12 comments share 12 comments share save hide report block hide replies
I have already pulled out 2/3 of my money.
Will gradually draw down the balance to only cover about 3-6 months expenses.
What sucks is that money loses lots of value under my mattress. I need to find an alternative liquid asset that holds value.
It doesn't exactly gain value in a bank account either
In the US --- currency in the bank allows for more fractional lending --- i.e. inflation.
fractional reserve is so much more than inflation, it allows banks to magically create money to lend at interest. It is an endless cash fountain for (((them))).
Short term treasuries are paying roughly what spring it in your mattress used to ... At least in terms of real returns