A news item came across the page this morning, bank runs on Greek banks. emergency liquidity requested to prevent bank failures. Why does it matter?
I go through a number of points here:
– bank runs
– quantitative Easing for the european central bank
– the swiss franc decoupling
– what further deflation from this means for the US and the world default currency
– what pulling your money out means and what you should do with it
Things are heating up for the economy. Hold on tight!
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