Friday, March 22, 2013

Cyprus: Six Days Without Banks and Cash Under the Matress Comes Into Its Own

"The savings, better under the mattress." How often have we heard this phrase!..."
From Mish' Global Economic Trend Analysis:
Spanish Firm Markets Mattress With Built-In Safe
Putting new meaning to an old phrase (keep your money under the mattress), a Spanish firm touts 'Mattress Savings' the first mattress with built-in safe.

"Savings, are better under the mattress". How often have we heard this phrase! The difficult economic situation in recent months and various scandals involving financial institutions have led many to dream about fluffy Spanish euros. Francisco Santos also dreamed, and woke up to make it happen: he created the first mattress with built-in safe.


Santos had a dream. He consulted with his pillow, news about the distrust and uneasiness of savers, and in doing he rediscovered the old habit of keeping money under the mattress. And thus was born the idea of creating a safe mattress with built in such a way that "it is not necessary to keep the money under the mattress" but in a safe within the mattress, says Santos....MORE
See also:
The Lesson of Cyprus: Diversify Among Your Depository Options