If you have your stash in cash and they go into the euro, you
would be able to change your stash for euros. However, if you
were to pull out large sums of money to keep at home, retain a
withdrawal document from the bank issued at the time.
That should avoid you being accused of being a drug dealer when
you changed the cash for euros or wanted to deposit it in the bank
In fact the banks are talking about doing precisely that.
More interestingly, during Japan's debt-deflation there have been points
where even the large bondholders paid the banks to warehouse their cash.
What - taking care of our money...? That would be a first... !!!!!
On the other hand, if the banks' Directors were asked to provide a personal
guarantee, as most borrowers have to, then that might persuade people to
deposit their money, and pay a modest fee :-))
'they' could indeed do that....but that would (heavily) undermine
trust in money (or at least government money....
however, what you are suggesting is *exactly* what government like the
clown's are now doing via inflation...they're just doing it more
when it gets fast enough you have mugabe....
ps, it's not a stupid question at all...it is precisely the question
you should be asking if you wish to understand socialism...
they always destroy production and money....
here is the great keynes....
"Lenin was right. There is no subtler, no surer means of overturning
the existing basis of society than to debauch the currency. The
process engages all the hidden forces of economic law on the side of
destruction, and does it in a manner which not one man in a million is
able to diagnose." 1919
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
Not really. You see some people spent some of that notional money.
If someone had bought your house with borrowed money that didn't
"really" exist, would you be happy to hand back the cash so that the
debt could be cancelled?
Not really. Many of those businesses are owed some of that money. They'd
be bankrupt if it were declared null and void. Look what's happened to
the banks once debts have been cancelled by din't of them being declared
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