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Originally posted by Rockpuck
reply to post by questioningall
The fdic had negative ballances in 1992.... system didn't collapse.
They have 11billion as of now with 25billion on the side... 36billion should last them through this and next year.
Also the greenback dollar is not original.. we have had many currencies in the US and even a period of no currency.. didn't collapse.
There would be no need for a bank holiday... and the idea. The gov would surprise us one day with a new currency is retarded, it makes no sense....
Dear God if I ... ME ... have to be a voice of REASON regarding the economy that's bad...
Originally posted by Psynarchist
I wonder if there are big gold businesses who benefit from these threats...?
"S*** is gonna hit the fan - trust me - buy gold here....!!!!!"
It would be interesting to see if the source has ties to some business like that...
Yet, the total number of bank failures was 120 in 1992 and total losses were 3.6 billion dollars. We are beyond the Billions in said fund sir. Mind you these are 1st quarter numbers. It is game over when the real numbers are released. Our only hope is to print more cash, and devalue the dollar slowly. Or create a new "non-Reserve" currency and stiff our lenders!
Originally posted by Blaine91555
One thing that seems to be a fact. When gold was a great buy, nobody was advertising trying to sell it. Now that it may be at or near its peak, we are bombarded with people trying to sell their gold.
If gold were the best investment, why are so many advertising to sell it. Would they be trying to get rid of it if they believed what they say? No, they would not! They would clearly be buying instead.
Avoiding scams just requires some common sense.
i suspect that the ability to attatch people's bank accounts with the passage of health care,there will be a run on banks.
Originally posted by mappam
Say I take $10,000 out of the bank and keep it at home.
The bank closes. This $10,000 is now worth $1000.
Other than the VALUE of the money - what has really changed?
If I can't get at my bank to get this money out before it closes - what happens to my credit cards? How are they effected?
What happens to the debt I have? If i owe $10,000 - do i now only owe $1000?
Does anyone have a theory on any of this?
Originally posted by Not Authorized
reply to post by Nivcharah
Bank Holiday? Possible. Amero ushered in? Not likely.