Could your bank fail?
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http://www.lewrockwell.com/sardi/sardi89.html
Type of Content: Article Could Your Bank Fail? by Bill Sardi Save a link to this article and return to it at www.savethis.comSave a link to this article and return to it at www.savethis.com Email a link to this articleEmail a link to this article Printer-friendly version of this articlePrinter-friendly version of this article View a list of the most popular articles on our siteView a list of the most popular articles on our site My wife and I took my 4-year-old son to a children’s theater this weekend to watch a live presentation of Robin Hood (rob from the rich, give to the poor). The mother of one of my young son’s playmates said she is ready to go on a long-planned vacation. I asked where she does her banking. Her answer: Downey Savings and Washington Mutual (WAMU). Good God, Downey savings is at the top of the list of banks predicted to fold and Washington Mutual is burdened with the prospect that many of its customers with adjustable rate mortgages, which will be re-set in the coming months, won’t be able to make their monthly mortgage payments. Most of my friends and acquaintances are oblivious to what is going on in America. Re-setting of adjustable rate mortgages triggers the collapse What IS going on is approximately 600 billion dollars’ worth of subprime adjustable rate mortgages (ARMs) will go through rate-resetting between now and the end of 2008. About 15% of these ARMs are predicted to default, representing $75 billion of mortgages that banks will have as non-performing loans on their books, which will be reflected in their quarterly earnings reports. The stock price of these banks will then tumble and depositors will run to withdraw their funds from checking and savings accounts. Since most banks have no more than 10% of their depositors' funds in cash (the rest has been loaned out), even a small run on the bank could leave a bank with no cash. When the FDIC becomes insolvent, now what?.... http://www.lewrockwell.com/sardi/sardi89.html Read »
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Will Freedom Fighters and Constitutionalists be stronger after the coming depreciation of the dollar?
The freedom movement is aware of inflation, and is educated and knows that the dollar is on the way down, does it mean that they are transferring their cash assets to metals? Are you?
And if they are, won't that make for a strong Freedom Movement post-recession?
Boris in Miami
However, what if the game suddenly became very un logical. (we might be beyond that point)
I cant help but notice how much the Elite love people buying gold and silver can you?
I mean, De Beer's mines in South Africa love raping the Country; where the majority of Gold has come from in the last 30 years, with minimum overhead and maximum profits.
Do you know how many tentacles are attached through the De Beer name, Royal Blood my friend, and still at what cost. At what cost does saving our own asses add up to in the End.
And still, the original problem has not been rectified, which is to take power away from the Elite. Since they have set the rules for so long, what if they drop gold all together as something valuable.
We have to remember who originally set the price of gold to begin with. Yes?
Look carefully at the market, and you will see that 'they' are the ones driving gold up..
But why? I would presume that they are more intelligent than to make such a blunder, dont you?
I think they have defined right as being left, and left as being right. If that is the case, the many things should be reconsidered.
But yes, all in all, one should have either a bar;($50,000), and a few dimes of gold in their hands, or just a few dimes.
http://www.rea1001.blogspot.com
It seems that the time is now to buy silver. To me it's the perfect market to do it. As many of you say... keep it where you can see it.
Boris in Miami