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To: E. Pluribus Unum

The FDIC has always been a fraud. Even though your funds are insured, there was never enough to pay the loses. That’s why, under the law they have up to 100 years to give you your money.


5 posted on 07/12/2015 10:31:47 AM PDT by babygene (.)
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To: babygene
I was told by a banker who was trying to sell me an annuity (that went real well) that the FDIC even without weakening of the laws only has to pay out the insured money over a 30 year period. So the banking system has always been protected from those FDIC promises.

I don't know what's secure in a crisis. One thing I'm doing: If it looks like you can weather a crisis where you live, it might make sense to get all repairs and purchases done now, rather than keep that money in the bank.

Silver is intriguing. Last week, the gov stopped the sale of Silver Eagles because the demand for them has become so great.

12 posted on 07/12/2015 10:54:07 AM PDT by grania
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