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To: Candor7
Have you seen this post? The article is a very interesting read.

http://www.freerepublic.com/focus/f-news/2209313/posts

http://www.villagevoice.com/content/printVersion/850296

The sentence below is interesting. If it is true that there is about $600 trillion toxic waste floating around the globe, my guess/feeling is there is no banking system that is safe. Please when you have time, let me know what you think. Thanks so much.

“What about the $600 trillion in credit derivatives that are still out there, sucking vital liquidity and credit out of the system? It's the tyrannosaurus in the mall, the one that made Henry Paulson, the former Treasury Secretary who looks like Daddy Warbucks, get down on his knees and beg Nancy Pelosi for a bailout.”

12 posted on 03/21/2009 8:39:45 PM PDT by Chgogal (Don't look at me, Comrade. You elected him, our very own President Mugabe!)
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To: Chgogal
Of course there are safe banking systems. And if you invest your money through those banks in commodities that have genuine intrinsic value, then your money is even safer.

The IMF recently posted a list of the top 50 safest banks in the World. many of them are in France and Spain. Wells Fargo came in 21st. The Royal Bank of Canada, which has branches in the Carolinas, Georgia and Florida came in 10th. Once money is in a safe bank, then its a matter of using that banks access to secure instruments or commodity investment.First one gets an account at a safe bank, and then you have to use what the bank offers you for access to secure instruments and investment in secured commodities like gold, copper, oil etc, and keep adjusting as things develope to not only secure money, but make it grow. They were all rated on secure capital liquidity. See: http://www.scribd.com/doc/13010982/The-Worlds-50-Safest-Banks-2009-Global-Finance

13 posted on 03/21/2009 9:02:48 PM PDT by Candor7 (The weapons of choice against fascism are ridicule, and derision. (member NRA)
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