Brent Allsop [allsop@swttools.fc.hp.com] wrote:
>Could this really cause such a collapse?
Yes. I don't know what the average salary is these days, but as I said before, *after* they've printed all that extra cash, assuming none of it goes offshore as most dollars have in the past, there will be about $800 per person available. That's it. Either they can start printing even larger amounts of money and risk hyperinflation, or they have to stop people taking out large amounts of money.
The biggest problem is that a lot of people who have a lot more than $800 in their bank accounts are discovering this.
This leaves us with a choice:
As I said, this is a prisoners' dilemna situation, and the rational solution
is to take the money out. And since we've recently seen similar situations
Mark