Bank Runs In Greece. Global Collapse More Likely - E038

605 views · Published 29 May 2012 · 1:02 · Indexed 27 September 2026

Channel: The Money GPS · 2012 · News & Politics

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Fears of bank runs are sparking up all over the world, most notably in Greece right now.
Greeks are taking their money out of the bank and stuffing it under the mattress.
Police urging them not to.
Google trends "bank runs" highest ever.
Banks around the world have created derivatives.
These derivatives sit on top of already fraudulent fractional reserves.
If just a little bit of these reserves is pulled out, the whole system could collapse.

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