This is probably not the case so much now, but for many years people (especially in the rural areas?) were raised by their parents not to trust banks. Their parents probably had some direct interaction with the Great Depression.

I know I was shocked and amused to see people coming into college that paid all their bills, including tuition, in cash.

My Dad tended to trust banks more than that, but he never in his life had a mortgage. Land was cheaper then of course, but he saved until it could be bought outright. And the amount of cash he kept stashed in the house was more shocking. If there had been a fire - oh man -

Life is a big circle. And then it repeats. Monetary crisis happen again and again throughout history. Your paper dollar is worthless.



Ken300D