Quote from: mu_enrico on October 25, 2019, 09:35:04 AM

I have experienced this situation where a lot of banks got liquidated in 1998 in Indonesia. Yeah, it was a mess, but from a business perspective, it's the way of removing unprofitable banks. The problem with this issue in the present day however, the Government of Indonesia now will "bailout" the users' saving account up to 2 billion IDR (about 142K USD) per person.

If that happens, guess how the government will pay? By printing more money from thin air, or in other words, debasing the currency.

This crisis or phase is just to filter out which banks are really functional and is profitable for only those who are strongly inclined of banking can survive the phase. Also, banks are near into experiencing recessions because of the enormous emergence of digital banks plus the growing adaptation of bitcoin which people is loving more because of its decentralization and the technology provided by blockchain which can hold theur assets without fees and threats unlike banks.