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State of the Union address predictions
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Forum:
Politics
Category:
News
Miscellaneous
Thread ID:
01657613
Message ID:
01658024
Views:
25
>>>Everything under 10% loss - however short the time span - is nothing compared to the effect of that bubble bursting.
>>
>>Yes.
>>Ten years of near-zero interest rates here have done the same.
>>For a while, some banks were actually charging people for depositing money into accounts.
>
>Really? wow - if my bank ever tried to do that I would of withdrawn everything out of my account and closed it on the spot :)
>
>>Reality is setting in now.

Easy to do with a few thousand bucks. But lets say you want to stay cash heavy waiting for next flash crash or you have to pay lots of cash each month ? Safe deposit boxes are NOT insured for cash in banks and on-site ssafes are a waiting period, not a show-stopper.

And really:if central bank starts to take money for overnight cash flow of "normal" banks, what should they do ?
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