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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (14278)9/11/2015 9:13:36 AM
From: Goose94Read Replies (1) | Respond to of 203353
 
Plans for cashless society is accelerating bank runs - Banks/Governments would have people “completely under their control”

Concerns that next crisis may be imminent

Bail-ins, withdrawal limits and negative interest rates may be imposed

FT proposes a ban on “barbarous relic” cash

Banks would have people “completely under their control”

Gold in safe deposit boxes and safe vaults will again protect wealth


The current drive towards a cashless society shows the importance of being diversified and not having all your savings and assets within the vulnerable financial and banking system.