Prelude to societal collapse: Greeks, Spaniards withdraw euros by the billions

from The Last Tradition by Samuel Gonzalez:

Prelude to societal collapse: Greeks, Spaniards withdraw euros by the billions: 

 

Look over at Greece and see what happens to countries that accumulate tremendous debt because of out-of-control taxes and spending. This is our future if Obama and the democrats get their way.



CBS News reports in Europe's most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the growing financial storm.

Worried that their savings could be devalued, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are withdrawing euros by the billions — behavior that is magnifying their countries' financial stresses.

The money is being hoarded at home or deposited in banks in more stable economies.

It's a steady bank "jog" at the moment, not a full-bore run. But 

These people are doing nothing wrong; this is the result of failed governance that has been perpetually unable to reconcile wants and needs with the ability to afford. Instead their governments cashed in on Keynesian debt and the people will quickly find poverty without the comfort of a social net is the end result of government bloat.