chem1st Posted November 25, 2011 Share Posted November 25, 2011 http://www.bbc.co.uk/news/business-15869945 Don't mention the R word R is for run. As in bank run. Although deposits up to £85k are 'guaranteed' in the event of a bank run, to meet that guarantee the government must print more currency. Your so called 'money' will be eroded in value as FIAT currency is printed to cover the guarantee. Western governments used to think that financial panics were a problem of the distant past. Link to comment Share on other sites More sharing options...
Longcol Posted November 25, 2011 Share Posted November 25, 2011 Although deposits up to £85k are 'guaranteed' in the event of a bank run, to meet that guarantee the government must print more currency. Your so called 'money' will be eroded in value as FIAT currency is printed to cover the guarantee. What makes you think that this means the government actually prints additional currency for this contingency? Link to comment Share on other sites More sharing options...
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