Banking turmoil is set to be a feature of our global financial system for a while yet. After the Global Financial Crisis started (in NZ it started in 2007) - there were discussions about whether this would be a single dip or double dip economic event. However, the repercussions of the financial management of banking systems continue.
To help you understand what is happening with the Cyprus situation and the Russian money - we thought it would be fun to share this short video from John Clarke (also the creator of NZ's Fred Dagg.). Worth a couple of minutes to watch. Hope you enjoy and share.
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By Carey Church