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<p>[QUOTE=&quot;Soapy Smith, post: 2145403, member: 74361&quot;]I&#039;m not sure how many folks follow the economy in Europe, but it&#039;s in shambles over there.&nbsp; Here in the U.S., the prime rate is near zero....in many European nations, it is negative.&nbsp; What that means is there is too much money in the money supply.</p><p><br /></p><p>Here&#039;s an April 28 article from The Telegraph</p><p><br /></p><p><a href="http://www.telegraph.co.uk/finance/comment/jeremy-warner/11569329/Jeremy-Warner-Negative-interest-rates-put-world-on-course-for-biggest-mass-default-in-history.html?fb_ref=Default" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.telegraph.co.uk/finance/comment/jeremy-warner/11569329/Jeremy-Warner-Negative-interest-rates-put-world-on-course-for-biggest-mass-default-in-history.html?fb_ref=Default" rel="nofollow">http://www.telegraph.co.uk/finance/comment/jeremy-warner/11569329/Jeremy-Warner-Negative-interest-rates-put-world-on-course-for-biggest-mass-default-in-history.html?fb_ref=Default</a></p><p><br /></p><p>What that means is that banks want people to leave their money in the banks because people are paying the banks to have their money stored there.&nbsp; This has lead to some banks refusing &quot;large withdrawals&quot; from their customers (the ones that are trying to shift their cash from a bank into a safe or vault) as this article from last January states.</p><p><br /></p><p><a href="http://www.bbc.com/news/business-25861717" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bbc.com/news/business-25861717" rel="nofollow">http://www.bbc.com/news/business-25861717</a></p><p><br /></p><p>Of course the disadvantage to keeping your money in a bank is that over a weekend, the folks that control monetary policy can more easily do what they did in Greece over one weekend...where your $10,000 turns into $250 with a blink of an eye.&nbsp; This has happened many times in history....do you see the difference in the pic...one is different than the other...one is worth 10,000 Cruzeiros in Brasil.&nbsp; The second is worth 10 Cruzeiros Novos (new Cruzeiros) with a simple stamp.</p><p><br /></p><p><img src="http://i61.tinypic.com/1zd6wq8.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>A cashless society gives banks and the government more control in these situations.[/QUOTE]</p><p><br /></p>

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