View Full Version : massive bank runs in Spain, collapse imminent
Large Sarge
24th September 2012, 04:30 AM
http://www.naturalnews.com/037298_Spain_bank_runs_economic_collapse.html
mick silver
24th September 2012, 07:12 PM
lets get the show on the road
Hatha Sunahara
25th September 2012, 11:12 AM
The whole idea of a 'bank run' is obsolete. Fiat money makes it so. Central banks make it so. Bailouts make it so. How can a bank run out of reserves when the money has no backing and the banking system can print up as much as it takes to meet any demand for it?
When money was backed up by gold and silver, stuff which the bankers couldn't conjure up with a printing press, it was still possible to have a bank run. Not any more. Even small banks are not allowed to fail. They get bailed out. You can take all your money out of all the banks, and they will still be alive. They don't need us. We need them more than they need us.
Hatha
Powered by vBulletin® Version 4.2.0 Copyright © 2025 vBulletin Solutions, Inc. All rights reserved.