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Quote of the week: the Financial Times.

Posted by Ken Waldron <iframe src='https://members5.boardhost.com/xxxxx/info/user=Ken+Waldron' width='330' height='300' border=0 style='border:none;'> on March 20, 2023, 5:32 pm

"Banking is a massive, complicated and delicate confidence trick. Normally it works fine. But as soon as people worry that it could fall apart, it often does, sometimes spectacularly..."

Martin Arnold in Frankfurt 13 HOURS AGO

https://www.ft.com/content/6af69772-4b8d-4a7c-960c-f233e6ced960

Excellent video in the link explaining what has happened nm

Posted by Tomski <iframe src='https://members5.boardhost.com/xxxxx/info/user=TomskiD' width='330' height='300' border=0 style='border:none;'> on March 20, 2023, 7:08 pm, in reply to "Quote of the week: the Financial Times."

Re: Excellent video in the link explaining what has happened nm

Posted by Dovetail Joint <iframe src='https://members5.boardhost.com/xxxxx/info/user=Dovetail+Joint' width='330' height='300' border=0 style='border:none;'> on March 20, 2023, 9:30 pm, in reply to "Excellent video in the link explaining what has happened nm"

Banking is essentially a massively complicated magic trick. It's vitally important that people believe in it. However, if people suddenly realize it nothing more than an elaborate magic trick, and it isn't reality at all, then, the magic 'spell' is broken and the illusion falls apart, often with spectacular results to follow.

Re: Excellent video in the link explaining what has happened nm

Posted by sinister burt <iframe src='https://members5.boardhost.com/xxxxx/info/user=Sinister+Burt' width='330' height='300' border=0 style='border:none;'> on March 21, 2023, 10:47 am, in reply to "Re: Excellent video in the link explaining what has happened nm"

Only people who actually have money - most off us plebs already think it's a confidence trick, but our opinion has no effect as we have no capital to withdraw, just debt.

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