Why the current banking system is corrupt and people should switch to Bitcoin

The current banking system is, in a word, corrupt. It’s one of those things that everyone knows and acknowledges, but that few people are willing to do anything about. There are occasional rumblings about regulation in Washington and periodic movements to switch accounts over to local credit unions, but the status quo tends to remain no matter what happens. If you don’t believe that, just look at everything that was revealed in the financial crisis of 2008 – banks were honest about just how corrupt they were, and not a single thing changed. It’s obvious that something must be done, but it’s hard for the average person to make an impact.

What does it mean for a bank to be corrupt? At the highest level, it means that the banks are operating against their own stated purpose. A bank should exist to help people safeguard their money and work as a method of lending money for major investments. In reality, a bank does neither of those things. Banks exist to take as much money as possible from the average person and guard it against being lent out. The purpose of a bank is to bring money into the bank and to please shareholders – nothing more.

Those in the world of finance are largely at fault for this phenomenon. They help one another accomplish their goals, usually in a fashion that would be labeled as collusion in any other industry. Banks work together to make sure that most people will never be able to generate any kind of wealth and that only a certain class of people will be able to be successful. It’s not just an industry that’s bad or corrupt – it is an industry that goes out of its way to destroy the American Dream at every turn.

Fortunately, there are now options. It’s better for Americans to switch over to BitCoin than to leave a cent in the banks. Cryptocurrency scares banks because they cannot control it. They have no way to regulate it, tax it, or impose fees upon it. Those who hold cryptocurrency can grow their wealth without anyone else interfering in its generation. It’s the most frightening thing to an entrenched establishment – a useful newcomer that cannot be destroyed or regulated out of existence. It might exist largely on the periphery, but it is something that is growing by leaps and bounds every day.

It’s time for banking as we know it to end. It’s time for finance to be reformed and for the people to take control again. The first step is weakening the hold the banks have to the financial future of the average person – and that means it is time for BitCoin to become a standard rather than an alternative. Once people are no long reliant on banks, those individuals running them will no longer have the excuse of being too large to fail. They will have to deal in the system that they themselves have created – and by current standards, it is guaranteed that they will fail.