Economic Crash

[YNK]

I hope this link works as I would like wise MNers views.

Is it time to panic and pull savings out of the banks?

Wel if you sell the sofa you do. That's what companies mean when they say "we need to free up some capital"- they mean "sell some stuff"

If the opposite of 'capitalism' is 'communism' then there would be no personal posessions or individual wealth, everything would be shared according to need, and the means of production would be controlled by a workers' collective or by the state. So if you own anything, buy anything, if you own, make or produce something and sell it for a profit, or if you have a few quid in a savings account earning interest you are... whether you like it or not ... part of a capitalist system.