The Lie You’ve Been Told About Your Bank Account Let’s get straight to it. Your bank is not “holding” your money. That familiar number in your account? It’s not stored. It’s not set aside. It’s not even legally yours in the way most people believe. It’s a liability. That means your “money” is actually an IOU from the bank—a claim, not a possession. And in a stable system, that distinction stays invisible. But we are no longer operating in a stable system. Depositors Are Unsecured Creditors—And That Changes Everything Here’s the part most people never hear: When you deposit money, you become an unsecured creditor of the bank. That means: You have a claim—but no direct ownership of specific assets…
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