On Aug. 2 in your blog that you stonily recommend that everyone keep 30 days worth of cash was that just for the Eu?
No. Even FDR closed the banks. While bailouts have ceased, the
government will simply now expropriate depositors money to save the
banks. Keep in mind that the big banks sell the government debt known as
the primary dealers. So no matter what they say, they will protect the
banks before the people. The risk is greater in the EU than in the USA.
Long-term, keeping cash for expenses will be a wise decision to cover 30