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PARIS, France – Banks in France are reportedly either outright closing down, or experiencing “ATM glitches,” as the Yellow Vest’s planned “bank run” enters its first scheduled day today.

Many believe that for every $100 of deposits, French banks have an average of $3000 of loaned money: a ratio of nearly 30 to one. This means that out of a population of 67.12 million, a bank run of only 2 million citizens could be absolutely catastrophic for France, and by extension the EU. Below is a video which helps explain the “fractional reserve” banking scheme used in France and many other countries:

Read the full article here: https://cloverchronicle.com/2019/01/12/french-banks-reportedly-begin-to-close-not-allowing-withdrawals-ahead-of-yellow-vest-bank-run/
Source: https://cloverchronicle.com

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