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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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To: Candor7
Thanks for the info. My company's 401k is with Wells Fargo.

I'm going to look into a Canadian bank.

Just wondering what you think of this post in particular these sentences:

“The latest data from the Bank for International Settlements shows that Western European banks hold almost all the exposure to the emerging market bubble, now busting with spectacular effect.

They account for three-quarters of the total $4.7 trillion £2.96 trillion) in cross-border bank loans to Eastern Europe, Latin America and emerging Asia extended during the global credit boom – a sum that vastly exceeds the scale of both the US sub-prime and Alt-A debacles.

Europe has already had its first foretaste of what this may mean. Iceland’s demise has left them nursing likely losses of $74bn (£47bn). The Germans have lost $22bn.”

http://www.freerepublic.com/focus/f-news/2115560/posts

Also, DB received billions from AIG....interesting stuff going on.

http://online.wsj.com/article/SB123638394500958141.html

14 posted on 03/21/2009 9:16:52 PM PDT by Chgogal (Don't look at me, Comrade. You elected him, our very own President Mugabe!)
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