Sunday 25 April 2010

People are unaware that the banks are empty

People don't (seem to) realise the banks are empty.

If everyone took their money out there wouldn't be nearly enough. Assuming people like and value money why would they not want to be first in the queue? Or do they think the Government will pay? By printing money? Or are we at the stage where people consider bank deposits to be money and that banks can issue new currency? If we are not at that stage then it must be true that people are unaware, of the banks being empty.

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