'You Can Take That To The Bank' Used To Mean Solid

     I don't hear it so much anymore, but when something was the real deal; it was genuine; it was solid, like the Rock of Gibraltar; it was noteworthy, people said, 'You can take that to the bank.' There must be a reason this expression has fallen out of our everyday lexicon. I wonder what it could be.

      Could the reason have something to do with Brazil, the largest economy in South America, is teetering on the edge of collapse?

     Could the reason we don't use banks as an example of solidity anymore have something to do with Italian banks which after using bail-in tactics to confiscate savings accounts from their depositors are still scrambling to shift bad debt packages around to try to stay afloat and causing riots in the streets?
      Could the reason have something to do with Russian President Putin calling for another bail-out for Vnesheconombank, Russia's most important bank lender to cover a $3 billion payment coming due on $20 billion in foreign currency debt? This on top of $2.9 billion in debt left from the Olympics?
    Or, might it have something to do with complaints and accusations brought by German Finance Minister Schaeuble against the ECB for causing more problems than it has solved and even managed to put German pension funds in danger? 
     Perhaps recent remarks by former US Secretary of the Treasury Larry Summers that 'those who think they are endowed with magical powers to manipulate society have created a complete mess and they are too brain-dead to realize the consequences are devastating.' 
     Any or all of these conditions have changed attitudes toward banks in general. They are also, no doubt, reasons more people are converting savings dollars into physical gold. 
     I too have begun to protect my savings with gold. If you'd like to know how, I'm happy to tell you. In the meantime...

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