Re: Consumers Reports Seeks Bailout
The reason one might stash cash under the mattress is to protect it from
creditors of bust banks.
As a number of the major 'high/main' street banks in the UK are now largely
under government ownership the risk of default is reduced, plus the major
creditor would be the taxpayer...
DAS
To send an e-mail directly replace "spam" with "schmetterling"
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"pkbrandon" <pkbrando@hickorytech.net> wrote in message
news:79177e55-44fe-4c49-a8db-c99a90ed7003@u18g2000pro.googlegroups.com...
[...]
> So what's the point of putting it under your mattress? It has no
> intrinsic value, as noted above, which was MY point.
> If the economy goes under (and it's becoming apparent that if the US
> economy goes under so will the rest of the world) we'll be left with
> barter. What can you stash that someone else would take in exchange
> for food?
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