I'm not sure you have expressed this very well - depending on what you are trying to say.
If you put money into, say, a current account with instant access you can instantly access your money. In fact you are less restricted now than you used to be in that you can do this over the net even when the bank branch is closed.
Now, I think what you are arguing about is what happens when the bank goes down, there is a run on the bank or other such problem.
The thing is that in those cases you have always had a problem and are reliant on whatever insurance/assurance arrangements the bank has. To that end most countries offer some form of guarantee - usually government backed. This was the case a few years ago when the UK Bank Northern Rock went down. The government stepped in and guaranteed deposits up to a certain value. In Europe that value is now set at 100,000 euros.
This is a good system and has proven itself workable - it even covered depositors during the collapse of the Cypriot Economy (although actual investors lost their shirts - as did larger depositors).
The remaining systemic risk is that your government's guarantee may not be worth the paper it is written on. In the event of a country or global collapse you will, likely lose your money- whatever system is in place.
The only way to insure yourself is to either spread the risk over several countries or to put savings into collapse proof investments - of which Gold is usually the most popular.
To say investors are liable for bank loses is misleading. You can only be "liable" up to the value of your deposit.
If you put money into, say, a current account with instant access you can instantly access your money. In fact you are less restricted now than you used to be in that you can do this over the net even when the bank branch is closed.
Now, I think what you are arguing about is what happens when the bank goes down, there is a run on the bank or other such problem.
The thing is that in those cases you have always had a problem and are reliant on whatever insurance/assurance arrangements the bank has. To that end most countries offer some form of guarantee - usually government backed. This was the case a few years ago when the UK Bank Northern Rock went down. The government stepped in and guaranteed deposits up to a certain value. In Europe that value is now set at 100,000 euros.
This is a good system and has proven itself workable - it even covered depositors during the collapse of the Cypriot Economy (although actual investors lost their shirts - as did larger depositors).
The remaining systemic risk is that your government's guarantee may not be worth the paper it is written on. In the event of a country or global collapse you will, likely lose your money- whatever system is in place.
The only way to insure yourself is to either spread the risk over several countries or to put savings into collapse proof investments - of which Gold is usually the most popular.
To say investors are liable for bank loses is misleading. You can only be "liable" up to the value of your deposit.
Kuusi palaa, ja on viimeinen kerta kun annan vaimoni laittaa jouluvalot!
