Comments by "" (@jmitterii2) on "Money’s Mostly Digital, So Why Is Moving It So Hard?" video.

  1. Basically, like all other civilized nations have utilities, emergency hospital and healthcare services, police and fire services, etc. it's done by we the people of a government. Because nobody trusts a banker or hustler on their own... to many since ancient Greece have gone bust. And I find it funny, the example of banking, we'll keep your money secure. Sure... that wasn't a selling point in the history of banking, contrary to that, putting money with a banker or bench money changer, was actually risky both in that they're a target of theft/robbery. But also the point of banks to lend money. Safety deposit boxes were available at Inns and hotels and other places before banks decided they were part of the government or quasi government with security... in the latter 1900's. And most banks were never insured until the 1700's and that insurance was generally not sufficient for 100% reimbursement of theft. And generally 0 against default loans or bank runs. Until later on in the late 1800's... and almost middle 1900's in the USA under FDIC and SIPC... USA... always behind the times, among the last nations to ban slavery. Oligarchs don't like to shake their apple carts... so... what ya gonna do?
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