To: alexmark1917
The Danish banks are charging storage fees on Krone deposits, as well.
2 posted on
01/21/2015 5:57:52 PM PST by
PAR35
To: alexmark1917
What happens if a lot of people decide to put their savings in the First National Bank of Serta instead of the banks? Suddenly a large number of euros have to be printed and put into an asset which has a currency multiplier of zero. That can't be good when the world monetary system depends on fractional reserve banking.
3 posted on
01/21/2015 6:34:54 PM PST by
KarlInOhio
(The IRS: either criminally irresponsible in backup procedures or criminally responsible of coverup.)
To: alexmark1917
Where I’m from, RBC == Red Blood Cell.
6 posted on
01/21/2015 6:46:28 PM PST by
Steely Tom
(Vote GOP for A Slower Handbasket)
To: alexmark1917
The minute interest rates turn negative in the U.S., I’m pulling ALL of my money out of money market funds and cash bank balances and putting it in my safe. Will redeposit only what I plan to spend during each six month period. If all the sheeple did that, then something would have to give.
10 posted on
01/21/2015 8:34:08 PM PST by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson