The money in your bank card is not yours
The U.S. Department of Justice recently claimed in court that seizing $50,000 from small businesses does not violate property rights because... money is not property.
It sounds absurd, but this is how the banking system operates. When you deposit money into an account, strictly speaking, that money no longer belongs to you. Legally, it becomes the bank's asset, and all you receive is a liability: a promise that it can be 'retrieved when necessary.'
This is not easily noticeable during calm times. But when a crisis strikes, the rules change: 'Bail-in,' account freezes, transfer restrictions, forced conversions. Those assets you thought were 'your money' can suddenly become tools for government or bank operations. We previously discussed inflation as an invisible tax, and this time reveals another side of the same issue: if the money does not belong to your property, then your control over it has never truly existed.
Any centralized fund custody system relies on trust. But this trust is extremely fragile—so long as the rules can be unilaterally modified, so-called safety is merely an illusion.