4 ms·
That works awesome until there is a bail-in like Cyprus and Austria, then you are pretty well screwed, something like a 40% hair cut on your trillion $ will mak
by ben_pr 11y ago
That works awesome until there is a bail-in like Cyprus and Austria, then you are pretty well screwed, something like a 40% hair cut on your trillion $ will make you run for the tums.
If I'm not mistaken the reason interest rates are so low and the dollar so high is because people are looking for a safe place to put their money where they wont get a hair cut if the bank fails.
- msandford 11y agoDon't worry, I'll be shipping every dollar over 100 trillion out daily to a place where it's harder to get at. If they want their 100 trillion back they can have it. If they want the money that's already left the country, well, I already spent it all! Whoops!