On 25/01/14 21:13, David Gerard wrote:
ZeroHedge is the NaturalNews of economic blogging. They have predicted 200 of the last 1 recessions.
Hence my opening comment that it is not really about a bank run, despite the hype
The HSBC cash restriction is about pressure from the government after HSBC was busted blatantly money-laundering for drug cartels. The restriction does not apply to non-cash transactions. Despite scaremongering from foolish people.
That, too, is what I commented - getting more people to pay by electronic means (making cash/anonymity appear shameful) seems to be the objective