Great Depression Countermeasures
" We Are In A Depression, Not A Recession " You can check out more of her videos here . Since the mainstream media is finally admitting that we’re in a depression, I’m making this post for people to consider their options should banks become insolvent. -Marcus Hughes A bank being insolvent means it cannot repay its depositors, because its liabilities are greater than its assets. The effect that a bank has if it becomes insolvent depends upon the availability of deposit insurance. In a country without deposit insurance, an insolvent bank would not be able to repay people deposits in full. In the event of an insolvency, depositors would have to queue up with other bank creditors to reclaim whatever money they could from the bank. So, for every £1.00 the bank owed to customers it might only pay 90p or even less. - Josh Ryan-Collins, Tony Greenham, Richard Werner and Andrew Jackson, Positive Money I foresee many people losing money on their investments. Thus, it bears consideri