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To: PAR35; LucyT
I'd say that the FDIC is just about broke.

All the smart money is in off shore banks, and the depositors be just layin back, watchin' the shite fly.

And next week they be buyin' Gold.

It will jump from $941 an ounce to about $1050 and after that even higher when the Chinese start buyin gold instead of T bills.

We don't have to worry about inflation though. Obama will establish "price control boards" on goods that Americans have a " right to buy" at cheap prices.

9 posted on 03/20/2009 11:45:37 PM PDT by Candor7 (The weapons of choice against fascism are ridicule, and derision. (member NRA)
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To: Candor7
All the smart money is in off shore banks,

Do you mean the small operations, like 'Sir' Alan Stanford's; the Icelandic banks, like Glitnir, Kaupthing and Landsbanki; are you saying that the British will provide better deposit insurnance for HSBC, LLoyds, or RBS?; or are you talking about the big guys, like Deutsche and UBS?

10 posted on 03/21/2009 9:26:54 AM PDT by PAR35
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