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The average citizen hasn't got much choice. Otherwise--as I said--anything, for instance finance ministers meeting, can trigger off a bank run. At present there isn't one, though, although we are quite agreed that confidence has been killed.
by Katrin on Mon Mar 18th, 2013 at 02:57:31 PM EST
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Anyone can open up an account in a foreign country, no problem.

And bank-runs can't be triggered by some random political meetings, because people know that no matter what they will be protected by deposit insurance. Deposit insurance is a really good invention which has virtually eliminated bank-runs completely, so everyone is very careful to never ever jeopardize or question them in any way whatsoever.


Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Mar 18th, 2013 at 04:58:42 PM EST
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