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33,737 Posts.

1409

20/03/25

15:39

Post #: 78348190
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Originally posted by ghostwriter: ↑

" People need to understand that if you have money in a bank then you are a creditor to the bank. That money is no longer yours. Just ask the people of Cyprus." This statement bullseyes the problem facing anyone in the great fiat ponzi experiment. Nailed it @slange
Ergo...so goes the current Oz bail in laws. Your money in a bank is not actually yours at the end of this great experiment.
Hold cash only and hold physical PMs.
By all means use a bank for the daily expenses and trading but on a day by day basis; week by week maximum.
As the legend would say "You know it makes sense"

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OMG!!! Not there ol'...... 'banks are going to crash'..... again? The 'bail in' BS..whatever that is.

We heard that here years ago, and as far as I know the banks are doing pretty well, especially where I live, they're making billions.
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