I took my daughter out this afternoon, Saturday, September 15th 2007, for a snack in downtown Bromley, England and we actually witnessed history in the making. It was the 2007 bank run in its early stages. People are suddenly realising that a great deal of financial institutions have acted recklessly with their money and they want their money back! Poiticians, bankers and regulators have tried to convince people there is no reason to panic but understandably many people do not trust our so called “policy makers” anymore.

It will be interesting when people also realise that our present day money or fiat money is only backed by the promises of the very politicians and policy makers they don’t trust anymore! Maybe they will then demand a sound monetary system based on gold and silver.

Depositors queueing outside Northern Rock to withdraw their savings this afternoon in Bromley, Kent which is situated in the southern outskirts of London