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Does insurance exist for when a country's banking system collapses? (This is different from a bank collapse, where in the US, FDIC deposit insurance should do t
by skybrian 4y ago
Does insurance exist for when a country's banking system collapses? (This is different from a bank collapse, where in the US, FDIC deposit insurance should do the job, if you're within its limits.)
- imtringued 4y agoIt is called a negative interest rate and it is the most despised kind of insurance because everyone thinks they are the grifter that will get ahead this time and a negative interest makes grifters pay for the damages they cause to society which means they stop grifting. By grifting I mean delaying the usage of the medium of exchange until the breaking point of the economic system to get concessions from it which is effectively a bribe by society to cease this collapse seeking behaviour.
- skybrian 4y agoSaving for retirement seems normal and expected. Do you mean something else?