Saturday, June 16, 2012
What Happens When the Banks Are Empty?
Correct me if I am wrong, but, when the banks are empty of deposits, there really is no reason to consider them banks anymore, right? And, when that happens, the economies of Spain and Greece are going to collapse further, and whatever cash these poor people have hoarded is going to be worthless anyway, wouldn't you say? Because that is what is happening right now--in parts of Europe, people are taking their cash out of the banks. These would be the same banks everyone is trying to prop up.
So, what we have here is a self-fulfilling prophecy. If you believe everything is failing, then your actions will contribute to that failure, especially if you no longer trust the institutions of the society in which you live.
Has anybody figured out what will happen when these countries tip into anarchy, revolution, and civil war? Or is everyone of the opinion that people are just going to sit around with no money, no jobs, no food, no homes and enjoy the summer weather?
About a hundred years ago, all of Europe fell into a massive war over far, far less than what is happening right now. Then, it was a misunderstanding among cousins and the death of some fat member of one of the royal families. Now, it is the story of millions and millions of people being asked to suffer needlessly for the sins of the elites.