Under the Mattress
The previous post talked in part about restoration of confidence. Here's a real life example of the level of confidence people have in our financial system.
"I'm thinking of closing a checking account and keeping the money in the gun safe, the account's only paying three quarters of a percent anyway."
3 comments:
I'd do that too, but the guns in my gunsafe are worth more than the cash is now.
Easy to solve, use part of the money to buy a bigger safe.
I'm thinking I should just spend it now, while it is still worth something.
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