Below you'll find a list of all posts that have been tagged as “Bank run”
Global monetary expert Bernard Lietaer has said that a country would be more stable financially if it had multiple currencies focused on specific sectors of the economy – the idea being that if one goes down, the others can continue to provide needed financial services. Ellen’s guest is Lionel Denenberg, the tech genius behind PayServices, a crypto-currency concept already authorized …
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same …
Martin Armstrong summarizes the headway being made to ban cash, and argues that the goal of those pushing a cashless society is to prevent bank runs … and increase their control: The central banks are … planning drastic restrictions on cash itself. They see moving to electronic money will first eliminate the underground economy, but secondly, they believe it will even prevent …
If you read between the lines on a recent report from American Express, it looks like more Americans are veering away from the traditional bank savings accounts: A majority consumers say they’ll keep their savings at a local bank (57% vs. 55% in 2014) but more than half of those who keep their savings in cash plan to hide bills in …
