FDIC is in trouble

FDIC:
http://www.bostonherald.com/business/general/view.bg?articleid=1201027&sr...
Here, an earlier article:

http://www.motherjones.com/mojo/2009/03/dont-bank-it-fdic-running-out-money

Category:

News & Politics

Tags:

• FDIC
• Bank
• Deposits
• Your
• Checking
• Account
• May
• not
• be
• insured
• Banking
• Finance

[RonRepublican]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

[55ella2007k]

RonRepublican: it may interest you to know, that Marx basically shared this exact same sentiment.

[theracemixer]

Ella i told you 1 and half year ago not to keep your money in a bank.

1) As soon as you get paid take the money out of the bank and leave a little in the bank in case of emergency.

2) And When the bill comes you can pay it in cash.

It maybe a hassle but butter safe than sorry

[55ella2007k]

theracemixer: not to worry, I have any money in the bank, because as soon as I deposit my check, it just goes to pay the bills - so nothing stays in there for more than 2 weeks. If the dollar tanks, the cash won't help either...nor a gold buillion for that matter, because the local grocery store won't have enough change left. In an underground ecomony, you start exchanging cigarettes or booze or other shit to stay alive.

[onlywhenprovoked]

GOD I hate the Boston Herald.

good ole Rupert Newscorp/FOX owns that RAG.

You have no idea how many times I have seen Bill O'Rielly write the words "leftie moonbats" in that RAG.

ok sorry - had to get that out of my system.

That was in no way meant to criticize what you were saying. Perhaps they got that whole story right... I will read it.

(did i mention that the herald is a RAG?) lol

[PressForFreedom]

Ron's stance on abortion and many other issues is that these are to be left to the States. I feel like I'm just defending RP here and I don't really agree with Everything he says, but I do believe he is honest and I see that as very rare. My point has always been we need honest discussion of all these issues and for that we need honest people. We can unite on certain fronts, Bernie Sanders and Ron Paul are evidence of that.

[PressForFreedom]

The people have become dependent on these programs and Ron Paul would gladly fund them through cuts in defense spending. BTW he did have a big problem with Greenspan.

[PressForFreedom]

I think if you frame Ron Pauls positions in the context of the Constitution he would make more sense to you. He doesn't vote on the basis of what he would like, he votes on the basis of does the Constitution allow it at a Federal level. The FED is not completely private BTW it is a creature of Congress. The free market would not allow legal tender laws, or allow a central authority to set rates.

[55ella2007k]

>>> Not to be misunderstood: yes, I support Paul's stance against the financial bail-outs. I was against them as well. Paul essentially votes NO on every bill in Congress - including civil rights legislation and education. Yet, when it comes to narrow political issues, such as abortion, he tends to think that government has a role to play. If this is not an oxymoron, then I don't know what is.

[55ella2007k]

>>> Medicare has saved milliions of the elderly + disabled from becoming destitute +yet, you believe this program useless? The reason why SS / Medicare are going broke, is precisely because of the free-market system. The funds were looted for other projects, such as tax cuts for the wealthy + defense spending. Read Greenspan's Fraud, when you get the chance. Paul had no problem with Greenspan, until the economy tanked. In fact, he supported de-regulation of the banks, and now he's complaining?

[55ella2007k]

PressForFreedom: I agree with some of Ron Paul's suggestions, and thanks for recommending the book. The problem, as far as Paul is concerned, is that he's a free-market guy all the way, yet he wants to abolish the Fed, which is PRIVATELY owned? Isn't this a contradiction in terms? And why, if Paul is against most government programs, is he still a member of government? >>>

[55ella2007k]

Hawk9955: thanks for your comment and the sub :)

[Hawk9955]

I"m a new subscriber Thank You for Your research and information :)