This information is redundant. The top 5% of americans have 95% of the money. Most people with over $100,000 in a bank understand what the FDIC insurance policy is.
The problem with the economy is the high cost of the military industrial complex. The government is limited in its ability to spend its money for useful purposes because of it.
The ultimate killer of the US economy is likely to be hyperinflation, which would make $100,000 look like a joke anyways...
You need to do some research. The banks are alredy going to collapse. Do you really think that there is enough money on reserve in the FDIC to cover and pay out the losses??? The FDIC is way underfunded. It would be another AIG type bailout if the FDIC had to start paying insurance. You say don't take your money home because you might get robbed? What would you propose we do? Put it in the bank and leave it there so that the banks can rob us? At least I can protect my money at home.
If what you predict truly happens, the stockpile of money you have at home will be worth no more than the paper it's printed on. In other words, you'd have a nice stack of green toilet paper.
It's this kind of stupidity that causes the problems we have in this country. Completely irrational thought.
Sorry guy, but these banks are going to collapse either way. The Banks don't give a fuck about the American people, ALL THEY SEE IS GREEN. I took my money out of WaMu AND Wachovia, and although the accounts added up to less than $100,000, Who in their right mind is willing to go through the whole "AFTER-MATH" of "OMG, I have to wait the whole weekend, until Monday when FDIC takes over my BUM bank, JUST TO GET MY MONEY!" FUCK THE BANKS, AND this greedy SOCIALIST nation for SAVING THESE CROOKS!!!
Who gives a fuck about 'Real Socialist Nations'??? I don't, that's for sure. SOCIALISM/COMMUNISM/DICTATORSHIPS are ALL bullshyt in my opinion.
As far as the Gov't comment, the U.S. Government relinquished ALL control in 1913. In fact, It is FAR LESS than 5% of 'the people' in control, unless you're referring to 5% of the FED's owners. Those are the motherfuckers IN CONTROL. Everyone else are stand-ins AND economic slaves!
There is a difference between caring in a way that is supportive, and learning from their example, and a corrupt government should always be learned from so history cannot be repeated again.
I could go and actually research what the exact percentage is, but anyways, when a small group of people have the money, and the system is run by money, the small group of people run the system, that is very true, I couldn't agree more.
Actually, I am. Bank runs are self-fulfilling prophesy. Running to the bank and withdrawing your savings on the rumor that a bank will collapse, will help manifest the rumor and turn it into fact.
This information is redundant. The top 5% of americans have 95% of the money. Most people with over $100,000 in a bank understand what the FDIC insurance policy is.
The problem with the economy is the high cost of the military industrial complex. The government is limited in its ability to spend its money for useful purposes because of it.
The ultimate killer of the US economy is likely to be hyperinflation, which would make $100,000 look like a joke anyways...
Bowyerma 3 years ago
Good point. Thank you for the insightful comment.
riderofthestorm85 3 years ago
You need to do some research. The banks are alredy going to collapse. Do you really think that there is enough money on reserve in the FDIC to cover and pay out the losses??? The FDIC is way underfunded. It would be another AIG type bailout if the FDIC had to start paying insurance. You say don't take your money home because you might get robbed? What would you propose we do? Put it in the bank and leave it there so that the banks can rob us? At least I can protect my money at home.
thegrandarchitect 3 years ago
If what you predict truly happens, the stockpile of money you have at home will be worth no more than the paper it's printed on. In other words, you'd have a nice stack of green toilet paper.
It's this kind of stupidity that causes the problems we have in this country. Completely irrational thought.
riderofthestorm85 3 years ago
Irrational actions make the situation worse. Conspiracy theorists, you can continue your tin-foil rants elsewhere.
riderofthestorm85 3 years ago
Sorry guy, but these banks are going to collapse either way. The Banks don't give a fuck about the American people, ALL THEY SEE IS GREEN. I took my money out of WaMu AND Wachovia, and although the accounts added up to less than $100,000, Who in their right mind is willing to go through the whole "AFTER-MATH" of "OMG, I have to wait the whole weekend, until Monday when FDIC takes over my BUM bank, JUST TO GET MY MONEY!" FUCK THE BANKS, AND this greedy SOCIALIST nation for SAVING THESE CROOKS!!!
GiveMeLiberty2008 3 years ago
Real socialist nations would be insulted by that, because real socialist systems are not for greed at all.
The government is not in control of the government anymore, less than 5% of the people are in control of the government.
Bowyerma 3 years ago
Who gives a fuck about 'Real Socialist Nations'??? I don't, that's for sure. SOCIALISM/COMMUNISM/DICTATORSHIPS are ALL bullshyt in my opinion.
As far as the Gov't comment, the U.S. Government relinquished ALL control in 1913. In fact, It is FAR LESS than 5% of 'the people' in control, unless you're referring to 5% of the FED's owners. Those are the motherfuckers IN CONTROL. Everyone else are stand-ins AND economic slaves!
GiveMeLiberty2008 3 years ago
There is a difference between caring in a way that is supportive, and learning from their example, and a corrupt government should always be learned from so history cannot be repeated again.
I could go and actually research what the exact percentage is, but anyways, when a small group of people have the money, and the system is run by money, the small group of people run the system, that is very true, I couldn't agree more.
Bowyerma 3 years ago
you are protecting the system you bastard...
we need them to colapse so we can regai our freedom
whos side are you on????
whos paying you???
greenman92553 3 years ago
People with money already know what the FDIC is anyways, nobody would pay him, he isn't making a complete argument.
Bowyerma 3 years ago
Actually, I am. Bank runs are self-fulfilling prophesy. Running to the bank and withdrawing your savings on the rumor that a bank will collapse, will help manifest the rumor and turn it into fact.
The point of it all is don't be irrational.
riderofthestorm85 3 years ago