[salawat]

>Yes, it’s ill-advised to keep one’s savings in cash, but a shockingly large number of people do it.[1]

Try doing a stint in Fintech, and then get back to me once you realize how the number of ways for you to be deprived of access to your savings, and the nigh impossibility of finding out why or who to talk to to remedy the situation. Note how how account freezes only freeze withdrawals, and will allow continued deposits all day long. Note how no one will be straight up with you about compliance requirements, and in fact, how knoeledge of reporting requirements instantly elevates you in terms of compliance risk, possibly requiring a SAR to be filed out of an abundance of caution.

Once your money is in the financial system, you'd best plan on it being in adversarial hands. You are suspicious by default. If you use your money in ways the government deems unusual, they are obligated to report it to stay in business.

This is not paranoia. I know the implementation details of these policies and systems. It is, in fact, creepy as all hell. It makes me sick, and I don't even have anything to hide.