oh goodie, now I have people debating for me. Not reading what I say or arguing my points. But putting forth what they think I say or what I really mean and then debating the straw man they have put up.
It is so hard to find intelligent people to discuss things.
I just put out a number of facts and connected dots and drew a picture. Now, heck, I may be very wrong. But I did not tell any porkies. All I wrote, as far as I know, is factual. I just read and think.
I dont agree at all, for example, that Timber says A and B and C cannot happen. If you read Timber's comments... all is OK... all the con artists are not con artists... they are just misunderstood bank managers. And no GFC can happen because we have clearing houses.
It seems strange to me that people write how bad stuff cannot happen. When it DID happen. Then they write and joke how no depositor can lose money. And Cyrpus is only Russian mobsters so it dont matter. And when NZ show they have the same procedures in place (to take depositors money when the bank management blows the bank up) the guys debating me just ignore the facts.
Honestly, I am not trying to misrepresent you guys. But I am befuddled by this attitude that all is OK and nothing to worry about.
From all this, I have certainly learned - I will never, ever have a bank term deposit. I would by secured bonds or govt bonds. Why would I be an unsecured creditor for a couple of percent.
If there is some problem in the future can I go to the bankster and say 'hey, Timber said no problem, so I want my money please'.
Timber, the GFC really, really, really did happen. Honest. It happened.
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