posted on Mar, 21 2013 @ 10:16 AM
reply to post by johncarter
Somewhere I heard the banks are closed now till Tuesday. That will be extended. Well they aren't technically closed
, the ATMs are still
See, a crash like in 1929 in America was so hard because as the situation got worse nobody though to pull the plug on trading or a run on the banks.
Nowadays there are safeguards (computer programs) that monitor stock trading and bank deposits in order to prevent it. As soon as Cypress Bank
detected the run, they shut their doors and only keep the ATMs open to dribble out just enough for people to survive on. The bank,
The people still line up because they don't trust their debit cards to be good from one day to the next. They prefer that "cash comfort" in their
wallet opposed to "money in the bank". And they keep going back to get more (as much as they can). Its indicative of mistrust and a little panic.
They want all
their money, but the bank won't open to give it to them. If they did, everyone would "run" to the bank and they would have to
shut the doors again. Its a charade and everyone knows it.
The people of Cypress are being held hostage right now by the banksters that are praying for a bailout. My guess is they will get it. They have to,
coming to a major city near you.