Bank Dependency
Nowadays independence is such a usual and trite word that we have almost forgot its direct meaning. It was used as watchword and slogans at all times. We strive desperately to be independent from our parents, from some rules and obligations, from the society, etc. But finally we find ourselves in power of such usual and meaningless things as a cell phone, internet, our timetable or bank. Yes, even bank has power over us.
How it all began.
In the very beginning a bank was created as an establishment providing different financial services. Historically, this institution was created to provide various loans to merchants for them to develop their trade. And in due course those loans were paid off with interests. That was a win-win deal, both parties gained profit and were happy, but in those days bunks did not interfere with life of their customers. These institutions started to apply some pressure only when the trader did not paid off his debt. But even then banks were already associated with greed contradictory to the democratic principles.
How the bank system controls our lives.
But with time the situation has changed. And this is probably our own fault and oversight. We gave the banks more power, more services to provide. Nowadays they do not only extend loans, but also take deposits, open accounts, cash cheques, perform money transactions, handle our retirement accounts. They have taken control of our lives, because we have let them to do so. We have our salaries and wages consolidating on the accounts, they collect our debts, etc. and out of all these things the bank system takes advantage of its customers. But if a person has once spoiled the credit record, bank employees make a helpless gesture. But what if they backdate money transfers, or hold deposits for some time, or apply withdrawals before deposits? They just destroy our credit records, and we are not even able to withdraw some savings because of their own mistake. We have become dependent on this system which has no social ethics, and that is the reason for such a never-ending flow of complaints against banks.