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Revision history for this page on the wikienMediaWiki 1.13.3Sun, 01 Nov 2026 22:35:18 GMTSharaSeeger907: New page: Today, we seek protection with regard to things we regard being important. For example in life, I believe a lot of people have life insurance. Equally, to protect bank deposits, government...
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<p>New page: Today, we seek protection with regard to things we regard being important. For example in life, I believe a lot of people have life insurance. Equally, to protect bank deposits, government...</p>
<p><b>New page</b></p><div>Today, we seek protection with regard to things we regard being important. For example in life, I believe a lot of people have life insurance. Equally, to protect bank deposits, governments provide security as a result of implementing deposit insurance.<br />
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Several of you know, the use of deposit insurance is to protect your savings in your bank. This helps provide an awareness of security to savers thereby prevents mass withdrawal of savings (termed bank runs) in countries. With this, the structural integrity with banking in countries is maintained and this stabilize financial markets.<br />
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However, the kind intentions of governments to protect savers encourages bankers to take more risks with savers' funds. This is because bankers know the government will cover their mistakes, since the cash risked is insured with the state. History has exhibited and proven this fact repeatedly. One recent example is a recent financial crisis with US where banks who lose savers' profit financial games are bailed out with the Federal Reserve's printed funds.<br />
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However, it should end up noted that only massive banks with political have an impact on are bailed out. For example, Goldman Sachs, JP Morgan, etc. For small banks, they are usually gobbled up by the big banks to find market share, leading to oligopolies where they increase greater power. If that prize of risking savers' funds for big banks are generally bailouts that increase their own capital, wouldn't it be reasonable that deposit insurance protect bankers a lot more than savers?<br />
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Also, bailouts increase national debt which definitely ought to be repaid by higher taxes. This cause taxpayers to bear the burden where the big banks obtain the free money to give people. In the duration, this will increase inflation noticeably. To make it more painful, there have been several supply bottlenecks in commodities for many years and this is bound to cause imported inflation for importing countries like China and taiwan and US. Both of these would add fuel to your fire of inflation, burning the purchasing power associated with money worldwide faster.<br />
site reference: [http://www.nodepositcarinsurance.co.uk/ deposit insurance uk]<br />
With policies strongly tilted on the interests of bankers together with inflation, I don't think saving would be a viable strategy to build wealth. I believe which during such periods associated with high expected inflation, investments that will effectively hedge against inflation is better ways to build wealth as compared to saving. I may be wrong for this but I believe the majority of you see the advantage bankers have over us but will take action to build wealth with methods other than saving.</div>Sat, 31 Mar 2012 17:13:12 GMTSharaSeeger907http://beta.aalf.org/wiki/index.php?title=Talk:SharaSeeger907