Still believe in FDIC? I would not, they are in fact BROKE!!!
Just another step closer to hyperinflation. Hell I would rather the government just go ahead and print all the money we need to pay all the debts and get it over with, instead of this dribble here and dribble there.
Not really but I do get upset about it all sometimes and go a little insane.
Right now I'm having amnesia and deja-vu at the same time.
Location: In the Fascist Dictatorship once known as the USA!!
Age: 50
Posts: 36,003
Re: FDIC may borrow money from Treasury: report
Quote:
Originally Posted by anonnymous
Just another step closer to hyperinflation. Hell I would rather the government just go ahead and print all the money we need to pay all the debts and get it over with, instead of this dribble here and dribble there.
Not really but I do get upset about it all sometimes and go a little insane.
This is a step toward every fool losing everything. The FDIC is supposed to be self reliant, well guess what??!!
The FDIC is simply a bridge to the Fed brokering a takeover by some other financial institution. Even in the 1931-3 banking panic savers got 80-95% of their money back. The real need for the KY jelly has not changed since the 1800s: 3-24 months needed to actually get the money out after bank failure. Given the encouragement of direct deposit, automatic utility drafts, debts serviced but not owned by the local bank and similar administrative problems federal security measures have generally made things worse by providing a false sense of security.
Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
FDIC may borrow money from Treasury: report
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