Some would say "nothing new in the West", except perhaps that this time all that money will be used to save the banks in order to prevent a repeat of the crisis that arose after 2008. As much as some are surprised that the US government stood behind all deposits in all banks as a guarantee, I wonder if they had any other choice at all? Of course, they could act selectively or not act at all, but that would certainly cause a domino effect and the collapse of dozens of US banks in the first wave, and then the spillover of the crisis to other markets.

The situation in the EU is currently stable (at least that's what they say), but the Swiss case is a clear example that even the best in business can mess up. Regardless of all the guarantees, no one should feel safe keeping their money in the bank, but most people simply don't know any better than that. Bitcoin is an alternative, but most authorities will do everything to make it an alternative for a very small number of people.