FDIC Insolvent!?!
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Uploader Comments (wogsland)
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All Comments (18)
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2nd quarter fdic statement comin' tomorrow...! That's All, Folks!
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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???
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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.
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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.
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Ouch guess I should get all my money in cash so that I will have it when I need it.
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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.
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"A house of cards!!" ;-)
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Fractional Reserve banking is the real root of the problem though...
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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