What is the banking business' fate?

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Many civilations uses money in different forms not just coins and notes, sometimes the citizens uses rare materials like gold and silver. In Ancient Benin they used cowrie shell as a form of currency.

Now we have an increasing finacial crisis which we can't find way to solve it because banks can't contain how they lend money then the people who lent the money couldn't pay back the money and then the banks doesn't have enough money to give to the savers as rewards. So then people's personal money is wasted which is wrong. The goverment suddenly gets involved and rescues banks then they don't use the money on local projects like to help people to stop living rough, food banks and making council houses cheaper. And business' shuts down as well as some banks. Also lots of people are losing their jobs.

Just because of this taxes are rising.

And this is how it started ten years ago.

To stop this crisis we have to stop borrowing if we know we can't pay back loans but that won't solve everyones problems so we need do more. Much more.

What would you do?

Please reply. I would like you to tell me what you think.

Thank you for reading.

Comments (2)

  • Tiff-Avatar.jpg Tiff @ the BNC 23 Nov 2018

    I didn't know cowrie shells were used as currency in the past! Thanks for informing me.

    Make sure you're careful about the timings of the crisis. People are definitely still feeling the effects and recovering from the impact of the crisis, but the crisis is not still happening now.

    Can you do some research to see what changes have been put in place since the crisis to stop it happening again or to protect people's money?

    Here is BBC article to help:
    https://www.bbc.co.uk/news/business-20811289

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