Could the meeting of the of the G7 Finance Ministers and Central Bankers come up with this scenario? Just remember this, hundreds of billions have been pumped into the system to prop up a system that has already failed.
A world wide halt to share trading to stop the global slide and people sitting on hoards of cash in the banks. Soon after the implementation of this the banks start to fail. People panic and try to withdraw their cash. Laws are enabled limiting the amount of withdrawals that can be made. People want to find safe havens, cash is too risky. The price of private and commercial property goes into freefall. The gold price collapses.The price of oil collapses. They can’t buy shares. There is no safe haven. With money locked in banks it’s like a game of Russian Roulette. With the banks collapsing people lose everything others have their savings devalued. There is nothing people can do except sit back and watch like a wildfire tearing up a gully. Then the smaller economies start to collapse. Russia runs out of foreign reserves and starts to break up. Sheesh !! I better stop there it just gets too ugly.
