The EU Is preparing To Freeze Accounts

Not an encouraging sign:

European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs…

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

It also come amid a bitter wrangle among European countries over how to deal with troubled banks, roughly a decade after a financial crash that required the European Central Bank to print billions of euros to prevent a prolonged economic slump…

Existing EU rules allow a two-day suspension of some payouts by failing banks, but the moratorium does not include deposits.

Makes it look like the Apocalypse may close in unexpectedly and suddenly, and the elites are worried.

When it happens, any value which is not physically in your hands will be either gone or vastly devalued when the collapse hits.

Then the states will begin a program of amygdala-balancing, where the state will try to reapportion assets from those with less amygdala stimulation, to those with danger-level amygdala stimulation. That is a practical means of trying to avoid the full on K-selection which high amygdala stimulation will trigger, and doing it with the only assets the state will be able to tap into.

If you are preparing now to minimize your amygdala later, be warned that the resources you are accumulating will be used by the state, if it can get its hands on them. In these times, as you prepare, paranoia will be your friend.

Spread r/K Theory, because the elites are beginning to prepare for the bottom dropping out

This entry was posted in Economic Collapse, Europe, ITZ, K-stimuli, Liberals, Politics, rabbitry. Bookmark the permalink.
0 0 votes
Article Rating
Subscribe
Notify of
guest

2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
6 years ago

[…] The EU Is preparing To Freeze Accounts […]

Pitcrew
Pitcrew
6 years ago

Obviously, if the Euro goes the Dollar is probably only days behind it, and If is a very big IF when ITZ is happening. Three meals to anarchy, right? That’s 24, maybe 36 hours from grocery stores emptying. Anyone doing handouts in the “hood” after that is likely to become a meal themselves. I’ve seen National Guard units too, they’re not ready, maybe 15% of the units will muster in a situation like that. They probably won’t be moving into cities unless its their state capitol, they will just stay around their armories and augment local police. Major cities and their surrounding suburbs are probably graveyards.