When I read this to my husband he said "And we don't have any reserves in the house. I am going tomorrow to buy them".
I am still not sure if I should take our money from the bank...yet. On the other hand even if we do not have big mortgage if the bank goes my house goes too. So what's the point of taking money out if it's going to be without any meaningful value...I remember when we did not bother to take my husband's salary from the bank at all.Lucky we had a home business that we were able to ask German marks as currency of payment.This is my first time to face crises in capitalism so I am looking for your help.
Economists here in Australia keep telling us that nothing is going to change fact that crises will grow. It's going to affect Australia but in what way exactly they are not telling us. In order not to spread panic they keep telling us that our banks are better positioned then others to survive crises. But is this true? The heck if I know.
I read somewhere that all though EU is going to be affected greatly the "New EU" (East European countries) will suffer big time, much more then West Europe. Who knows?