Too bad Bammy knows no shame.....
“The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars. And you may not know this, but banks don’t hold all the money they supposedly have as assets.”
Worth reading and remembering.
Something about an 8-nail suicide by nailgun by a very smart person sounds strange. Dedicated, but still very strange.
bttt
What a bunch of stiff old Fuddy duddies.
Which depositors were screwed over? Where?
“Ha!” The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars.
What's the proper amount they should hold?
And you may not know this, but banks don’t hold all the money they supposedly have as assets.
Only idiots did not know this.
http://www.youtube.com/watch?v=EOzMdEwYmDU
Banks lend out $10 for $1 in asset they hold,
Nope, sorry. They lend out less than deposits, not multiples of deposits.
To protect yourself, you should have silver (pre-1965 U.S. coins) and gold in your possession.
Right, because losing 30% on your gold and 60% on your silver over the last 2.5 years was much better than cash in a bank Ponzi scheme.
PING
suicidal ping
Why bankers, and not the leadership of the agencies which will be tasked with disarming us, the order givers?
bttt