Good point Waynos, plenty of Greeks are sorry they left it so long to get it out too, besides the taxing (about 60%??) heavy restrictions were put on ATM withdrawals - something like only $70 per day was allowed. And for the ones who had stuffed their cash into safety deposit boxes thinking that was a safer bet, I read somewhere that that money was ordered by the government to be taken to ensure enough cash was available for ATMs and the safety deposit box holders' accounts were topped up digitally.
Gotta appreciate a totally random comment Whippingboy :-)
With no cash the bankster run Gov's can easily rob your savings with a bail in. Australia now has the legislation set, where your bank only has to guarantee up to $250k, anything above is up for grabs and can be taken from you in a collapse like those in Cypress.
barnabyisright.com/2013/07/10/australia-plans-cyprus-style-bail-in-of-banks-in-2013-14-budget/
Just like the Canadian government did in March, and just as Europe, the USA and the UK have now done, the Australian government too is now beginning to make good on its 2010 G20 commitment to implement the Goldman Sachs-chaired, internationalist Financial Stability Board’s new regime for bailing out the banks using depositors’ money.
barnabyisright.com/2013/07/17/australian-banks-welcome-cyprus-style-bailin-plan/
www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2012/APRA/Key%20Docs/PDF/Discussion%20Paper.ashx
?w=490&h=694
So where was the media attention when that was published in Sept 2012 eh? Hang on, I found it. The Sydney riots.
Select to expand quoteThinkaBowtit said..
Now just say that some day in the future, you need the money because the unthinkable happened to the digital banking scene and you have to break out the bundle and pay for something with a hundred dollar note.
It would be worthless.
