Yes but we live in a time where the vast majority of transactions are digital and not Transportation student delivery specialist shirt. A bank run won’t stop your debit and credit cards from working with a merchant. On top of that you have government backing of banked funds in any modern 1st world country (it’s the FDIC in the US) so that even if a bank goes completely kaput, your funds are largely safe. A bank run just isn’t effective at eroding that confidence like it was in the 1930s. If I was a rich billionaire I’d do a Mansa Musa just for lols, make everyone in an area millionaires and see what happens.
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Well, he forgot to mention that China doesn’t want HK for its economic Transportation student delivery specialist shirt. It already has Shanghai to lead the financial center status. The Jonestown defense will scare away all HK super-rich who are keeping China at bay leaving the economy crumbled. China still claims several lands in India, Nepal and South China sea. None have economical benefits, but it’s not giving them up. The only thing that looks feasible for the Chinese in HK is the port. Which they can rebuild if HK’ers just tear it down.
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Is HK really its own economic power? Three banks print their currency, two are UK in origin one being HSBC and the third is a division of one of the big four Chinese commercial banks. A native HK bank is not even one of HK’s biggest banks or involved in the printing of its own money. They think a couple of articles about the issue makes them an expert. Hong Kong literally has no leverage in Transportation student delivery specialist shirt. One could argue that Hong Kong was left alone because of their economic dominance, over a quarter of the PRC’s GDP at one point, but those days are long gone.
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I think you’re right. Most people don’t understand fractional reserve banking, all they will see is that people are trying to get their money out of the bank and the bank doesn’t have enough money and they will Trending shirt. It could have a huge knock-on effect. Americans need to keep this in mind. I keep a couple of grand in small bills just in case this happens here. Nothing bigger than a 20$. Bulk is one’s, easy to amass. Just pull them out of your wallet at the end of every week, it adds up fast.