Bank Run

This tag is associated with 5 posts

Capital Controls: Is There A War On Cash? If So — Why Now?

By Charles Hugh Smith You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean? It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are … Continue reading

Greek Crisis Deepens As Govt Introduces Capital Controls; Banks, Athens Exchange Said To Be Closed For The Week

The crisis in Greece is deepening as the government announced that it will roll out capital controls in addition to closing its banks and the Athens Stock Exchange on Monday after creditors refused to extend the country’s bailout and savers flock to ATM’s to withdraw cash, Reuters reports. Athens’ standoff with the European Union (EU) and the International Monetary Fund (IMF) heads to a dangerous … Continue reading

Greece – The Way Out: Troika Involved In “Financial Terrorism”, “Economic Waterboarding” – OpEd

By Peter Koenig What the troika is doing to Greece these days is the pinnacle of financial terrorism. It is economic waterboarding. It is blackmailing of the first degree. These people are neoliberal fascists, putting the Greek government before a dilemma – ‘either you present us with an acceptable list of austerities, or we will … Continue reading

The EU, The Grexit, And Market Failure

By Daniel Wagner, CEO of Country Risk Solutions Responsibility for Greece’s and the EU’s current dilemma rests with all parties – Greece, the ECB, and the banks. But each party is so busy pointing fingers at everyone else they appear to have lost any sense of introspection (if they ever had it to begin with). It … Continue reading

Signs Of Financial Turmoil In Europe, China And The United States

As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. By Michael Snyder In Greece, a full blown bank run is happening right now.  Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are … Continue reading

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