Dear Readers,
Many people in “developed” countries and elsewhere rely heavily on financial services these days. Banks custody our money. Credit card companies facilitate our transactions. Brokerage companies manage our retirement accounts.
It’s safe to say that a lot of us depend so much on “traditional finance” that we’d be lost, at least for a while, if we couldn’t access our financial accounts. Don’t believe me? Ask yourself: are you fully prepared to be able to buy food if your credit card is denied, to pay your mortgage if your bank account closes down, or afford your daily life if access to your retirement funds is cut off? For a lot of us, the answer to that question is probably that we’re much less prepared than we ideally need to be.
There are likely many people, perhaps even some of you, who are convinced that the financial system will always be available to them. After all, it’s our money flowing through the system and financial companies can’t exist without their customers, right?
Tread lightly, because the truth might frighten you.
