I wonder when the run on the banks will begin in earnest?
Make certain to buy some gold in small denominations...broken down small. You should have about 20 percent of your total assets in gold and or silver.
Personally though I trust the banks more than I trust myself. I actually feel safer not having cash on me because if for some reason I loose my wallet I dont loose all my money with it.
The banksters are a bunch of Jive Turkeys. Get your money out or else they might steal it from you one day. Who cares about there one percent interest rate anyway.
I was under the impression that they only had enough to cover 7% of the insured amounts. In years past this would have been more than enough. Now...the same rules don't apply. I don't dbout anything could happen any more. The rules have changed. I suppose they could borrow money from the Fed or whoever if they had to, but isn't that just increasing the money supply even more???
The tip of the iceberg my friend. We will recover again over the next 12 - 18 months; but when everyone gets complacent again...I am fearful of how bad it will get.
No immunity over here in Australia, though many think we are, but the housing crisis is nasty.
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Jesus is king of kings and lord of lords
bass109 1 year ago
2nd quarter fdic statement comin' tomorrow...! That's All, Folks!
kensho3 2 years ago
I wonder when the run on the banks will begin in earnest?
Make certain to buy some gold in small denominations...broken down small. You should have about 20 percent of your total assets in gold and or silver.
rapidrex 3 years ago
Ouch guess I should get all my money in cash so that I will have it when I need it.
fishysims 3 years ago
Personally though I trust the banks more than I trust myself. I actually feel safer not having cash on me because if for some reason I loose my wallet I dont loose all my money with it.
fishysims 3 years ago
The banksters are a bunch of Jive Turkeys. Get your money out or else they might steal it from you one day. Who cares about there one percent interest rate anyway.
flubno 3 years ago
Comment removed
starr802 3 years ago
I was under the impression that they only had enough to cover 7% of the insured amounts. In years past this would have been more than enough. Now...the same rules don't apply. I don't dbout anything could happen any more. The rules have changed. I suppose they could borrow money from the Fed or whoever if they had to, but isn't that just increasing the money supply even more???
jc7622 2 years ago
"A house of cards!!" ;-)
magic038 3 years ago
Fractional Reserve banking is the real root of the problem though...
wogsland 3 years ago
It's a Wonderful Life but without Jimmy Stewart!!!!
proffmongo 3 years ago
so my pennies that I have been saving are safe as long as I keep them in the piggy bank, not the real one?
bunnies rule!
luvdabun 3 years ago
The whole system needs to be overhauled, and the government needs to keep their hands out of it in my opinion.
boobtubious 3 years ago
i wonder if you predicted this in your video saying they are going to give too much money out
oh yeah, you did
420smokeymcpot 3 years ago
No pattern, of course?!
mcurren2004 3 years ago
The tip of the iceberg my friend. We will recover again over the next 12 - 18 months; but when everyone gets complacent again...I am fearful of how bad it will get.
No immunity over here in Australia, though many think we are, but the housing crisis is nasty.
daicopoulos 3 years ago
Interesting. Can you give me a link to this article or something to substantiate what you're claiming?
sonicflyingmachine 3 years ago
Done. (See WSJ article in sidebar)
wogsland 3 years ago
Thanks and sorry. I thought I looked there.
sonicflyingmachine 3 years ago
Oh no, I had forgotten to put it there and you reminded me. Thanx!
wogsland 3 years ago
cool video man!
huntersmith22 3 years ago