*SWITZERLAND, BANKS DISCUSS NEW RULES TO STOP BANK RUNS: REUTERS
Why? If UBS goes down it's game over
— zerohedge (@zerohedge) November 2, 2023
JUST IN: Following the implosion of Credit Suisse earlier this year, 🇨🇭 Swiss authorities and UBS are considering ways to prevent bank runs 👀
They're exploring options like spreading withdrawals over longer periods and potentially imposing exit fees 😮 pic.twitter.com/9ZA1ZlzdJb
— Bitcoin News (@BitcoinNewsCom) November 2, 2023
I seen in some of the IMF documentation that they were going to bring in capitol control rules EARLY to stop bank runs if anything should “spook” the markets.
If your money is locked in “but safe”, you might not be able to withdraw all your cash and that’s when the deflation will set in, with probable bail-ins and an eventual devaluation of mainstream currencies with whatever digital format they’re ushering in as the “solution”.
In the end, dollars, Euros, pounds etc. will be worth peanuts.
Exclusive: Swiss authorities, banks mull new rules to prevent bank runs -sources https://t.co/OpQPle2EX1 pic.twitter.com/gA8TaJhRY8
— Reuters (@Reuters) November 2, 2023
Swiss authorities and banks including UBS are in talks about new measures to prevent bank runs, Reuters reports https://t.co/6jboYrHJBB
— Bloomberg (@business) November 2, 2023
This could spread..and spread FAST.
AC