Run on the banks in Canada.

Discussion in 'Economics' started by wilburbear, Feb 22, 2022.

  1. SunTrader

    SunTrader

    If that is what you have to tell yourself to be able to sleep at night - without looking underneath the bed first. Have at it.
     
    #41     Feb 23, 2022
  2. Mercor

    Mercor

    upload_2022-2-23_19-58-7.png

    The people fixed Trudeau
     
    #42     Feb 23, 2022
    murray t turtle likes this.
  3. ET180

    ET180

    That won't happen. You don't get elected by allowing a small minority of people to do easily escape financial disaster when their moves out of the local currency only serve to undermine it and the security of their neighbors. Government controls the exchange of crypto for the local currency. They can mandate that all transactions happen in the local currency and any attempt to exchange the failing currency for another currency (or precious metal ETF) get blocked. That's easy to do today even without CBDCs. Yes, ideally I'd certainly prefer an independent currency outside the control of government, absolutely.
     
    #43     Feb 23, 2022
    murray t turtle likes this.
  4. SunTrader

    SunTrader

    After he had all the Jethro's removed. Sorry reality gets in the way:
    Jetho.jpg
     
    #44     Feb 23, 2022
    Frederick Foresight likes this.
  5. Mercor

    Mercor

    Now Reality.....
     
    #45     Feb 23, 2022
  6. NoahA

    NoahA

    This mandate will have the opposite effect of bringing calm and stability. When people see a fire and you tell them not to run, what do you think happens?
     
    #46     Feb 24, 2022
  7. piezoe

    piezoe

    What run on the banks?
     
    #47     Feb 24, 2022
    murray t turtle likes this.
  8. I think maybe the OP is just having a case of the runs.
     
    #48     Feb 25, 2022
    piezoe and murray t turtle like this.
  9. virtusa

    virtusa

    In Russia, China and North Korea it works very well. People don't run there, they just obey.
     
    #49     Feb 25, 2022
    murray t turtle likes this.
  10. %%
    IN many cases\they do, because in CUBA,like the nations you noted \ its ''cut cane or go to jail''
    And many in the church+ some in the private sector know '' payday someday.''
    NOT only does lightening strike some 26,000+/ people per year...... In Romania, commies put so many stinkin' rules on gasoline, Romanian dictator ran out of gas + the military shot him like a dead duck . Payday someday:caution::caution:.
    Some people simply leave ''evil empires''
     
    #50     Feb 25, 2022