Thanks Marg, I try to keep up with that thread. It just moves so fast, it becomes quite easy to miss things. If something like this happens, we
should really be giving it it's own thread. I'm very excited to see major news stations picking up on things like this.
It's 9PM EST on a Friday and things seem to be moving faster than ever! What's going on?!
I had always thought that once the Credit Unions begin to fail it will be a sign that we are committed to a depression.... The question now is with
the Fed's 1.2 Trillion dollar injection this week, will they purposefully spur hyperinflation...
There was a thread a few weeks back about where to put money. Everyone thought Credit Unions were safe. I did some research last fall to see if the
CU's were connected to the Fed. Res. Bank.
They are the same as Banks. There are a few left in the country that run CU's like they used to be. Lend out only against deposits, and no CUNA
insurance. But, for the most part there is really no difference anymore.
CUNA insurance is the same as FDIC, same fund. CU's also do leverage lending (making money out of thin air, backed by the Fed. Res. Bank) which the
Fed Res is backed by the ownership of the American People.
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