Quote:
Originally Posted by Jimbuna
you also have here in the UK the 85k per institution guarantee underwritten by the FSCS (Financial Services Compensation Scheme).
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If that is what in German would be called "Einlagensicherung", then keep on mind before you put all your trust into that that Merkel some years ago, when the symptoms of the crisis hit the fan after 2007/2008, told the Germans that all their private savings' safety were to be guaranteed by the state. It meanwhile got amditted that she lied, of course. The state cannot guarantee that in case there is a bank run, the safeties are enough only to pay out less than 2% of the savings on private banking accounts. In principle that is not different in any other country.
Money reforms and money devaluation not even considered.
Too many debts, too many interests services. The situation has degenerated beyond being hopeless. The world will not get out of this without a major shakeup. All credits go to the FIAT money system.