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To: Jean S
Credibility once p*ssed away in this manner is not easily regained. All of those with less than 85,000 Euros on deposit might congratulate themselves that it didn't affect them.

But it will. The money which the Banksters and their Government allies made vanish won't be there to loan, make payrolls or invest in new technology.

Much like the money our own Banksters made vanish overnight in September 2008.

6 posted on 03/28/2013 12:43:25 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman

Agreed, the unintended consequences will be that people will no longer trust their savings to a bank. Home safes, strong boxes and home furniture will be the new savings method.

It will not be the run on the Banks that will kill them, it will be the lack of deposits. And the velocity of money will stagnate to near zero or possibly even go negative. That is what will kill the banks.

It will take a whole new generation of citizens to build the trust again.


7 posted on 03/28/2013 12:48:44 PM PDT by taxcontrol
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