Centuries ago banks actually stored real money (gold) and gave their customers paper receipts which made transferring and transporting easier.
US: Leaked document shows that top US Treasury officials (who came from the banking industry) conspired to remove restrictions on banks so they could deal in derivatives and other high-risk investments. [They also targeted the banking laws of other countries so that all banks in the world could be involved in the same speculative game. This was the genesis of the present global monetary crisis.]
A third banker has committed suicide within the space of a week, once again prompting speculation that some kind of financial collapse could be just around the corner.
The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-In” Proposal | 03Jan2014 17:40:39
Is the Cyprus Bank “Bail-in” a “dress rehearsal” for things to come?