Bank Runs In Sweden
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So the only "bank run" i Sweden right now is a "run on the central bank" - by the commercial banks. Banks remove their overnight deposits from the Riksbank and putting the money at another commercial bank instead. Witch is exactly what the Riksbank is trying to achieve. However, the whole thing will probably end really bad anyway.
I'm buying silver... :)
kricke243 2 years ago
Well, you got it a bit wrong. It is the over night deposit at the Riksbanken (the Swedish central bank) that has a negative 0.25% interest rates, i.e. only Swedish banks put excess money there. They are trying to make the banks lend to each other instead of putting it at the Riksbank over night. Ordinary people can have like 1.2% on their regular a vista savings account and like 0.25% on their salary account. This is *Riksbanken* saying they don't want *banks* to put money overnight with them.
kricke243 2 years ago
what about applying negative interest to bankers...
one banker a day taken out of the economy would increase savings, capital and increase the demand of shot guns..at the same time..
kdcruz75 2 years ago
Velocity of money is really an unreal concept because of the fact that all money is debt there always comes a point where people pay off debt/bills/tax and that is the point when the money is taken out of circulation because it no longer exists (deflation)
IF money had real value then velocity would increase exponentially.
Danster82 2 years ago
let the bank say to me that they give negative interest rate.
Then i take it from the bank ASAP.
And i do not spend it, maybe only for gold and silver of course.
dontblamethemessenge 2 years ago
Thanks for posting!
CosmicDramaQueen 2 years ago
as you said ,, we are doing the. . bless you same thing . hint , hint
1mealperday 2 years ago
The title of the video suggests that bank runs have already begun in Sweden. Good video nevertheless.
MarchHare2009 2 years ago
Makes me feel like a lab rat.
leninstreet 2 years ago
Looks like there's going to be a run of security safes too, hmmm, how do we invest in swedish security safe companies?:)
mlndstream 2 years ago