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"<i>Now the banks throw money at people so it is no surprise there are more defaults. </i> "
Defaults? in Banks?
i don't think so, only they won less than expect.
Here, some years ago, the banks grab all the money they have, and deliver it to
overborders vault locations, to store the paper&coin.
So when we try to make one withdraw, they says, "sorry, no money available" so the
entire financial structure fall down, and the foreign money never was payed, if you
want your money, only the 10% was available to you but only in local money, and the
exchange (one to one) never was made.
You deposit 100U$S and you only can withdraw 40% of that ! ! ! ! and NOT in dollar
currency.(same for €, £, ¥, or whatever)
The 60% rest in peace... the banks (and goverment) STEAL us !
So the people ever pay the "defaults", the banks never do.
We fired one President (the mob do) in one event called "cacerolazo" (*panpoting*)
where people hitting pan's whit spoons and yelling "go out MF's", incredible whithout
riots or rebellions, more than a million of people around of the president house,
make him run out by helicopter.
Twenty streets around there still full of mob.
This MF'd, say in TV one hour earlier "Martial law is on effect now", so the people
go to fired him, against that.
After that, we change several presidents (and their followers & henchmans) in few
months (less than a year) before we can call a vote.
Now is far more quiet here, no big problems, but many small manifest riots run on
the streets, against banks and other foreign companies.
NEVER trust in Banks. Use it, but take your own way, invest in land, gold, "bricks"
(properties), goods, or any you like, but NOT let currency laying inside bank vault,
or they may show you their claws.
)