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To: Travis McGee

The FDIC has never been tested by a large run. It will probably provide “credit” versus dollars. Besides, if there is such a run then the dollar will tumble hard and inflation will skyrocket. Imagine the grocery store not taking credit or debit cards because there is no processing capability. Cash will be in demand and that will increase prices.


52 posted on 10/05/2008 7:50:10 PM PDT by CodeToad
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To: CodeToad

Note to self: visit bank manana por la manana.


56 posted on 10/05/2008 7:52:47 PM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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