The Secret That Will Destroy the World's Financial System, page 9
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reply posted on 1-9-2009 @ 09:11 PM by Genfinity
reply to post by loner007



Your exactly right. Banks keep just enough cash on hand to get through about three days.

That's all well and good and it's legal to. Banks have a loan:deposit ratio to keep up with to turn a profit.

But right now, the banks are broke. The federal government is broke. The businesses are broke. And the people are broke.

If the "exact" figures go main stream, there is likely to be trouble.

You'll go to the bank to withdraw your funds and you'll be told there is a $200 withdraw limit per day until further notice.

Three days later, your bank will be out of business.

Did I mention the FDIC is close to their breaking point as well?

It's going to be bad. More Bad then a Michael Jackson impersonator.

Bad hasn't even begun. I heard the stock market is going to take a dive in the 4th quarter. That's a month away. It did have a bad day today but let's not make that call because of one bad day.

Regardless, hang on to your hat. If you might to sell it.
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