By Patrick A. Heller
April 01, 2013
With Canada, New Zealand and the Eurozone nations announcing plans to implement or study the idea of confiscating at least some portion of the checking and savings accounts at faltering banks, I anticipate that worldwide use of banks in general could see a falling demand in the next couple of months. However, just because funds are withdrawn from banks doesn’t mean that they disappear. The owners of these funds will have to stash their funds somewhere, or else use them to purchase assets. I have heard repeated reports that citizens in the Eurozone are again stuffing mattresses with paper money. But that is not the only option that former bank account holders are selecting.
Scared Money Flows to Coins?
April 01, 2013
With Canada, New Zealand and the Eurozone nations announcing plans to implement or study the idea of confiscating at least some portion of the checking and savings accounts at faltering banks, I anticipate that worldwide use of banks in general could see a falling demand in the next couple of months. However, just because funds are withdrawn from banks doesn’t mean that they disappear. The owners of these funds will have to stash their funds somewhere, or else use them to purchase assets. I have heard repeated reports that citizens in the Eurozone are again stuffing mattresses with paper money. But that is not the only option that former bank account holders are selecting.
Scared Money Flows to Coins?