"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Got Your Money In A Bank? Maybe Not For Long...
Submitted by A. Magnus on Wed, 2014-12-03 01:00
"A plan agreed at the G20 Summit in Brisbane (November 16, 2014), allows for depositors’ money to be used to bail out ‘failing’ banks. That is, a contingency has been put in place to allow governments to use their citizens’ money to rescue banks which get into difficulties, because of their faulty mortgage lending policies, or reckless gambling on the derivatives market."
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