Today: NEW ZEALAND
I'm telling you, folks. If you don't have tangibles, then physical cash becomes king.
They're talking that they can't figure out the mechanism to sidestep standard FDIC-style banking rules and insurance. Deposits under EUR 100,000 are safe, supposedly... For now. So the rich, investor class is going to get hit for 10% (at least, for now).
Someone want to clue me in on how 1) this helps, or 2) it ever gets better before complete default?
It ain't all us, Americans. As bad as we think we have it, the rest of the world is worse.
Ay Caramba.
Crazed American, out.
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