IMF and deposit safety

D

dockingtrade

Registered User

Messages

342

• 16 Jul 2009

• #1

If the IMF came in and did the big chop, letting people go & pay cuts. Could/would they take a % of all money on deposit like a crude wealth tax.

 

L

Lightning

Registered User

Messages

5,509

• 16 Jul 2009

• #2

Highly highly unlikely.

As far as I am aware, the IMF have never done this before.

 

C

coin

Registered User

Messages

49

• 22 Jul 2009

• #3

So basically the main danger to savings would be inflation?

 

P

paddy26

Registered User

Messages

87

• 22 Jul 2009

• #4

Yes but as we are in the Euro we wont have Iceland like inflation