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RE: Bankers Are Just Glorified Bookkeepers

in LeoFinance2 years ago

Until the powers that be show the banks their place, I do not think that soon we will see them kneeling with outstretched hands. Many banks declare themselves bankrupt, and, after some time, reappear. As long as there are grandmothers who put a part of their pension on deposit in a bank, banks will exist.

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Yes, when you've been in the game for awhile, you'll always find a way. However, when you zoom ahead. The grandchildren of those grandmothers might not be using banks to deposit their pensions. Banks wouldn't let go without a big fight but the odds are heavily stacked against them if they continue with the old model. We'll see how it goes in the near to distant future.

You need to understand that most banks are small hucksters that depend on one or several large wallets. Look at Igor Kolomoisky, the founder of the Privat financial group...does this cheerful Jew want to exchange shadow operations for an open blockchain? I doubt it very much, and all Privat banks obey the snap of his fingers.

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