Paraguay Ueno Bank Collapse

[Ludwig V.Mises]

Finding out the hard way that putting money in a bank is a license to steal and rob from depositors and pensioners.

If you don't hold it, you don't own it.

Will it ever happen in Aus?

ABC news article

 

[projack]

In 1990, when the notorious Pyramid Building Society (the largest of its kind in Australia at the time) also collapsed.