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| American Dollar = Toilet Paper, Financial Armageddon Crisis |
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ilver-Coins.html
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Financial Crisis.
Many banks, over the years, have suffered a
sudden rush of withdrawals by depositors
which economists call a bank run. Since banks
lend out most of the cash they receive in
deposits (see fractional-reserve banking), it
is difficult for them to quickly pay back all
deposits if these are suddenly demanded, so a
run may leave the bank in bankruptcy, causing
many depositors to lose their savings unless
they are covered by deposit insurance. A
situation in which bank runs are widespread
is often called a banking panic. A situation
without widespread bank runs, but in which
banks are reluctant to lend, because they
worry that they have insufficient funds
available, is often called a credit crunch.
Examples of bank runs include the run on the
Bank of the United States in 1931 and the run
on Northern Rock in 2007. The collapse of
Bear Stearns in 2008 is also sometimes called
a bank run, even though Bear Stearns was an
investment bank rather than a commercial
bank. The U.S. savings and loan crisis of the
1980s led to a credit crunch which is seen as
a major factor in the U.S. recession of
1990-1991.
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Tags : american dollar amero financial crisis armageddon jim rogers peter schiff silver gold nwo wallstreet cnn abc ron paul economic stock market crash bank bail out gata jason hommel silverseek max keiser |
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Affichage : 39104
Durée : 535 s |
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