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Cyprus banking / confiscation fiasco really only had the potential to ruin our way of life "emotionally.". There was going to be very little impact on people outside of Cyprus, but the potential for the EOTWAWKI was in the response. To that end it might be beneficial main stream media ignored it. While I prep, build for, and expect the inevitable collapse of our currency I don't want it to happen, and unlike some I believe it is preventable. An "event" like the Cyprus one is just that an event, and in a world of open communications an event has the potential of becoming a domino and causing "effect.".
I've stated in the thread started by our local Cyprus resident that I wished that I could see the stats for the US banking system and International banking systems on Mondays deposits / withdrawals. My guess is there was a small run on banks by people like us - that pay attention. Now in case you have not paid attention to some past posts with links to the St. Louis Fed Reserve stat page on bank reserves they have changed some since 2008. Perhaps that is actually a good thing. In 2007 they were 80-100 billion dollars. The last I looked they've exceeded 2 trillion now since 09. Yes a 20 fold increase. That makes for an interesting issue if there was a "run" on the banks - the banks do have the money!
Cyprus has or at least had the potential to instill fear. Fear as we all know causes problems. If the fear grows and we have the elites withdrawing cash then we have a crisis on the edge. If they consider it an isolated little issue with no legs outside Cyprus it's not the EOTWAWKI.
I've stated in the thread started by our local Cyprus resident that I wished that I could see the stats for the US banking system and International banking systems on Mondays deposits / withdrawals. My guess is there was a small run on banks by people like us - that pay attention. Now in case you have not paid attention to some past posts with links to the St. Louis Fed Reserve stat page on bank reserves they have changed some since 2008. Perhaps that is actually a good thing. In 2007 they were 80-100 billion dollars. The last I looked they've exceeded 2 trillion now since 09. Yes a 20 fold increase. That makes for an interesting issue if there was a "run" on the banks - the banks do have the money!
Cyprus has or at least had the potential to instill fear. Fear as we all know causes problems. If the fear grows and we have the elites withdrawing cash then we have a crisis on the edge. If they consider it an isolated little issue with no legs outside Cyprus it's not the EOTWAWKI.