Re: [OPE] Required reserve ratio

From: Gerald Levy <>
Date: Sat Oct 04 2008 - 06:35:58 EDT

> I don't consider a real generalised run on the banks very likely, unless a lot of stupid propaganda hits the
> streets. Among other things, it's difficult to stuff a thousands of dollars just into an old sock, you don't
> get any interest and it could get stolen, and if perchance a run on the banks would occur in some country,
> the banks and governments would legislate pretty smartly to block it, that is what they've done in the past.

Hi Jurriaan:

Depositors could withdraw the monies from their demand deposit accounts and then purchase
gold or silver or Euros or oil futures or ....

In solidarity, Jerry

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Received on Sat Oct 4 06:40:16 2008

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