Do you not just declare the old currancy as dead and basically worthless and start a new one at some point? Then there is no way the banks have to close and many other things to occur.

Even your deposit insurance would be covered. One new dollar paid for a thousand old ones for example and their commitments honoured. The gaurantee is I know that governements in serious financial difficulties will find a way to absorb individuals wealth. Where else can they go? The only real unknown is the time frame.


It has happened before many times in the world. There where just no other choices. One must always consider if any government with the new currancy based on whatever they choose is a possibility.

The government in power at the time wants to maintain power even if at the cost of almost everyone. They will do that in prefferance to being out of power. The only unknown is the time frame if the current behavious continue. I see little chance of them being stopped currently.

I think the time is getting closer to where we should all pay more attention to many possibilities. This based simply on now not being truly sustainable. In my opinion the financial industry as we know will take a bath as well. In fact we could all land up in the same boat.

I certainly am not smart but at the same time. If in power and caring about people and the future.I would attempt to force responsible behaviour in all quarters. The alternatives that we soon may be facing are far worse in my opinion if they occur. We are almost all living beyond what is sensible under the current conditions. Well beyond the ability of the economy to truly support. Feels like some form of shell game to me.