The Ponzi Continuum Series

Exit Liquidity

Who Pays When the Inflow Stops

WHO PAYS WHEN THE INFLOW STOPS?

In 2001 Argentina declared every bank deposit in the country "intangible". Sixty seven days later it capped withdrawals at 250 pesos a week. In 2013 the finance ministers of the euro area agreed to a proposed levy on bank deposits in Cyprus that would have reached even insured balances. Parliament rejected it. In Lebanon, dollars in the bank became a different kind of money without a law to say so.

Financial collapses are rarely random. A promise is made in writing. The money that keeps it slows. Then someone writes a second document that decides who carries the loss, and who got out first.

Exit Liquidity follows that second document through Weimar Germany, the American farm belt, Argentina, Greece, Cyprus and Lebanon. It tests 32 claims, from collapse videos and from official reassurance alike, against the record, and turns what held up into worksheets any household can use.

It will not tell you when. It shows you where you stand.

Position beats prediction.