|In 2015 Greece announced that their banks would stay closed all week for a total of six days |
following the refusal from the European Central Bank to offer emergency funding.
Dig Your Cave Deeper
- Once again the banking system is teetering on the edge of collapse, and we see Germans hiding cash at home.
- It is not an accident that governments and banks are pushing for a "cashless" society. As money goes digital the virtual printing presses gear up to light speed.
|Gold Coin of Emperor Constantine I|
Minted in 324 AD the coin still has value today unlike the digital and paper
money currently flooding our economy by bankrupt governments.
In a country where few people buy stocks, the possibility of having to pay fees on deposits has turned savers’ world—and their piggy banks—upside down.
“The moment the bank tells me I have to pay interest on my deposit I’ll take my €50,000 or whatever it is and put it under my pillow, or buy a safe and stick the money inside,” saidDagmar Metzger, a 53-year-old entrepreneur in Munich.
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