As an aside I conducted a training session for the staff at ABC Bullion last week on the anatomy of a bank run, the types and the current form in Greece, Spain and France. This led into a general discussion of fractional reserve banking, at the end of the session one of the sales girls said "...but if that was going to happen in Australia wouldn't the government warn us?" My South African manager and I turned to face her and involuntarily burst out laughing (S.Africans and Australians are not noted for our subtlety) and said in unison "That is the last thing they would do!", I added "in fact they would say everything was fine, don't panic and so forth until the whole system crashed - think Baghdad Bob and you will get the picture"
There are two types of people in this world:
- Those who learn from history and take what measures they can to protect themselves from risks.
- Those who it sit struck dumb like a kangaroo in the headlights waiting for the semi to hit them.
Jun 16, 2012 by TheAlexJonesChannel
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