
Originally Posted by
Adelina
I would like to ask Melonie and others, knowledgable on the subject, to explain to us what a systemic financial risk is, and what happens to the system if all the dominoes fall. Do we get runs on the banks, a stock market crash, your brockerage goes belly up and you can't liquidate your stocks, your bank funds get frozen and you can't take money out of your account or limited to how much you can take out? Does food not get delivered to the supermarkets because the farmers can't get paid? Can one not pay bills or buy an air ticket because your credit card won't be accepted? Do the gas stations run out of gas and you can't get to work? And even if you do get to work, you can't be paid 'cause there's nothing to pay you with? What would the implications be to the infrustructure: electricity, water?
Let's assume some or all of the above happens at a certain moment. What would trigger that? What the warning signs would be? And most importantly, how can one protect themselves in a situation like that one? Thank you.
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