No it won’t. This inter-connectivity stuff is nonsense, let China collapse, who cares ..
I don’t know—China is a massive importer of goods from outside the country in recent years. If China’s economy collapses, it will take the entire planet’s economic engine with it.
No it won’t. This inter-connectivity stuff is nonsense, let China collapse, who cares ..
We "little folk" are never going to get out of the financial doldrums unless globalism and "too big to fail" banking schemes collapse.
As far as what's happening to banks is concerned, why would anyone leave money in a bank if fees cost more than the interest paid to savers? I've already reached the point where I pre-pay my utility bills a few months ahead, since the money in a checking account would only pay .01% interest. I figure it's safer with them in case of an economic meltdown. And why have debt to keep money in the bank? If there is a banking nightmare, it would take awhile to get ones savings. And another thing....I don't fully trust that there couldn't be a negative interest situation where the banks would be allowed to charge a fee to withdraw funds.
How's that for cynical?
You cannot be serious.