BANK RUNS

[Sekwo]

(19 March 2023, 13:04)Straight Shooter Wrote: Is anyone keeping an eye on bank runs ? Are you holding cash just in case ? Are you concerned about a domino affect ? And what that will mean for all of us ? ……do you even care ? .

Russia's long term aim appears to be to undermine the western banking system. Which is near collapse due to the massive debt levels, and more importantly, the massive spending levels.

Those were not an immediate problem so long as the west controlled the global banking system. But when the west impounded Russian assets it sent a shudder through the global community that realised it could no longer trust western banks and so, they are all looking to trade outside the western banking system. So, the west has very much shot itself in the foot and killed the golden goose that literally laid the golden egg, which after the destruction of manufacturing by Thatcher et al, and then our energy by the sTories, was the only really substantial income we have left.

So, yes, bank runs are going to be an increasing risk, but the real risk is the decline of the west as an economy, which means bouts of severe economic recession become much more likely.