@theuninvitedeconomist: #paraguay #banking #govfails #latinos #money

sorcefractal :

There is no reason why we need banks

nyc_dolly :

I feel like every family member has a story about how the banks in Mexico took their money 😭

selene.merlin :

THis happend to me here in the U.S. me and thousands of Americans couldn’t access our money. It’s been a 3 year lawsuit & thy r sending us scraps of our money. They stole 90% of our money.. Binance completely shut down Voyager with no warning & we all filed a class auction lawsuit but we had to settle for small amounts of our money. Not to mention during covid Robinhood did the same during covid.

ElDonDeSanJuan :

I hate Santander bank 😡

mcCaster :

What's scary is that the bank in Paraguay has/had an FDIC equivalent, so where's the money and what does that say about how powerful these laws are in protecting their people's finances? How at risk are people in, let's say the USA?

𝕁𝕦𝕤𝕥 𝕁𝕦𝕝𝕚𝕖 :

That’s why my grandma put her money under the mattress and wrote how much each bundle had on it. I thought it was crazy. But I get it. History makes who you are.

PB :

My grandma still doesn’t trust banks 😩

mx_only.user :

In general especially how slowly all over the world there starting to enforce digital payments rather then keeping a option for cash

mariliiimaa :

This happened in Brazil but it was worse, they did this in purpose and people never got the money back. Look it up. It was during Collor presidency

Arise2agape :

Your ain’t ready for that rabbit hole 🕳️

760diasparaelretiro :

We need banks so they can loan out more than they really have then charge interest off of this made up money that doesn’t exist.

Ame.☀️ :

They take from us and then use that money personally or in their European countries!

Ausie Mendoza :

Questions what about 401K accounts and Roth IRA??

butterFly🦋 :

Thank you for bringing awareness to this!!!💯💯💯💯

Katastrophe :

He tried to formally redo however the Paraguayan congress regected it because he would have continued his political career with zero accountability. Formally impeaching him allowed him to be barred from holding any public office again and to be arrested as well.

yulheesbaby :

I get them fr

. :

is there anyway to start something similar to credit unions in latam? is that a thing at all??

Username007 :

My mom called me literally two days ago that a small bank in the pueblo in Guatemala went out of business and now seeing this differently, a pattern.

Auratheexplora :

I’m going to save this because so many get mad at Latinos for using alternative banking systems instead of banks. BECAUSE OF REASONS LIKE PARAGUAYYY

RiccardoSpagnuolo :

Same in Italy.

SuperCluster :

Look into the banking niche.

lovegoodfriend :

👼 :

Bank in Singapore

B | Uninvited Economist :

did not get to say this enough truly my sincerely from the bottom of my heart im sorry a systemic people are designed to believe has their best interest is failing

chrissy | unsolicited.nuance :

I remember when it happened in Argentina