posted on Mar, 19 2013 @ 05:43 PM
Originally posted by thegoods724
Thats great and all but what will the bank do if people still dont trust the bank and they want to pull there money out. Will there still be a run on
the bank, and will it be worse since there is more money to pull out and the bank is financially struggling without any extra funding?
Well, yes this is a problem, in fact I think we can safely say the genie is well and truely out of the bottle.
The moment this was put forward, is the moment the world was made aware of just how far those in power are prepared to go, anyone after this event
with confidence in the banking system would have to have a screw loose.
To be honest with you, I have no savings, but I do have bank accounts, if this savings tax had gone through, it would have been catastrophic not just
for Cyprus, but for everyone.
If the precedent had been set, how long before other struggling nations followed suit?
Would they have stopped at savings accounts? Could they have levyed a "owning a bank account tax," a one off payment, because there is no money in
the pot, so they take some, because you have a pot?
Personally I hope there are bank runs, I hope the whole thing implodes on itself, as it is inevitable in my opinion.
Then from whatever is left, perhaps we can find a better way and all move forward together, idealistic I know, but this is what we should be aspiring
to, too many people are trodden on, to serve the wants and desires of the few.