Patriot Radio News Hour_9/15/08"BLACK MONDAY!!!"4/4

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Uploaded by on Sep 15, 2008

http://www.allamericangold.com/
Americans Should Worry About Bank Deposits if Congress Doesn't Act
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000. Such concerns are justified, says Nouriel Roubini, of NYU's Stern School and RGE Monitor, who notes there is already a "slow-motion run on retail banks" occurring nationwide. That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions, says Roubini. "They're going to run out of money" unless Congress acts soon to recapitalize the FDIC.

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Top Comments

  • The dollar is being artifically deflated. It requires to dollar collapse so they can put the AMERO in.  Part of the NAU & NWO.

  • Wow! Thanks for giving us the truth.

    Also Thank you Johnny Liberty 1776 for posting!

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All Comments (17)

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  • thx for the info.!!

  • Of course - They are selling Gold.  But you can not blame them. Stupid Americans did this this to themselves.

  • Do these guys even fact check before they open their mouth? The car companies havent gotten any money. AIG was given 80 billion not 20. "70% of cities are bankrupt, well they are worse in 08 then 07". Yes America is fucked but get the facts right.

  • In the words of piglet..." Oh d-d-dd- DEAR!"

  • These guys sound like they're loving this.

  • god this is depressing, where's my money? holy crap..

  • im seriously considering moving to a different country, i love america but this is getting to be to much,90% of the american public are so dumbed down they still think america is ran by americans.

  • were witnessing a large scale government takeover,and the end to private institutions,im not sure if i beleive the whole amero nau,its possible but no one can deny that manipulation is at work here and when its allover the government will own it all

  • Bohemian Grove souvenir ?

  • Precious metals are going to be deflationary (as well as everything else) for a couple more months at least. Stay in cash!!

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