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Don't mention the R word.


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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.
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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?

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