By Joshua Krause
To prevent widespread bank runs and to keep money from leaving the country, the Greek government instated numerous capital controls to keep the lid on their economy, such as placing a daily withdrawal limit of 60 Euros. When they first created these mandates earlier this month, they were only supposed to be in place for a short period of time. But now it looks like the Greeks may be facing a long-term banking crisis.
Late last night, Prime Minister Alexis Tsipras made a statement that should have Greeks dreading the next few weeks. In a televised interview he stated “The reopening of the banks depends on the sanctioning of the deal, which will take place in a month.” So basically the citizens of Greece can look forward to long lines at the ATM and cash shortages through August.
Keep this in mind for when America’s debt crisis finally blows up. You don’t own the money in your bank. It belongs to the bank, and it’s insured and regulated by the government, who are bought and paid for by the banks with the money you put in their accounts. When the system falls apart, you’ve got to see the writing on the wall and get your money out early. Once the crisis starts, your savings will be handed over to the authorities, and rationed out at their leisure. (see how much debt the world owes).
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger .
I have found that Americans are divided into two main groups and the key differentiations are in the Cognitive-Brain-Psycho-Spiritual Functioning Area. We either live in and relate to Reality OR we will do anything to avoid Reality and have elevated this practice (avoiding Reality) to a Scientific Art.
Interesting thought.
Have your researches revealed what percentages are in the two different camps?
Because if the majority are in the second category, then perhaps this is why the US is so keen to bring democracy to every nation throughout the world.
If only it were that simple. Since the day they were born they have been vaccinated, fluoridated, medicated, indoctrinated, investigated, incriminated, incarcerated before they are finally cremated.
Brain damaged mindless drones parroting whatever reality “science” want’s to push. Never practicing real science or critical thinking. Safe in the warm glow of their T.V. god that shapes their reality for them.
Sadly I just described fully 80% of the American population.
Personally I am not keeping as much money as I used to, in the bank not that there has been that much to begin with!! It seems like what happens in Europe will drift to the US in the not distant future!! So with that said maybe some folks might want to invest in a home safe???