Bob Chapman talks to Melody Cedarstrom about the Federal Deposit Insurance Corporation (FDIC) and Bank of America bankruptcy recorded on December 18th 2009
can the FDIC go broke in 2011 ?
May 5th, 2010 | Credit
live at ease
May 5th, 2010 | Credit
Bob Chapman talks to Melody Cedarstrom about the Federal Deposit Insurance Corporation (FDIC) and Bank of America bankruptcy recorded on December 18th 2009
25 comments ↓
put money in safes he he
Of course banks have money… but some have a bad balance. So when for example there’s a run on a bank it could collapse cause of insufficient funds to fullfill obligations.
It’s much harder now to borrow money cause of the recession/depression.
you lying dickhead,Igot that from the same source???????ofcourse you did,,,the back of your head,,,,,u r a really terrible reporter?
not really?//////if the banks world wide have no money(then were is all the money stored at,,,,,under the bed?????,,,,,,,,,,no)
?????????IF YOU PEOPLE WOULD SUBSCRIBE THEN???????that is what he just said!!!!rewind and listen??????he does make all this up???this bank stuff is happening right now,,,,do some research for yourself and keep any money you got in your pocket
EXTREMELY strict EVEN on gauranteed funds like cashiers checks and Government or State checks. It’s pretty bad
Yeah, you’re seeing stricter physical cash withdrawal limits?
thats EXACTLY what I am seeing at my financial institution =o
I know you are right. I am just trying to makes some sense of it all. I cannot see anyway out of this mess, without collapse, but then what? Go find a cave to live in? Looks like are headed to being an upsidedown country owned by foreigners.
The Federal Reserve prints more money, and the Government does “stimulus packages” which increase the national debt , so stable products prices stay up.
Interest on the debt rises.
More money printing = inflation = losing purchasing power.
Dollar becomes worthless and americans get enslaved in debt.
Every penny in your pocket right now is not really yours its owed to the Fed and foreign bankers.
The Fed is a private banking cartel owned by international bankers who profit by bankrupting USA
2 things, Can’t the government continue to print more and more money? And, if I am not mistaken, Lewis took 600 million dollar pension when he left BofA. What do you think of these things, or am I wrong?
very true
good point
FDIC is suing me trying to steal my house.
You can keep up with the FDIC fund as I have been writing about it on this site: marketskeptics and search for “gold market reaching a breaking point”. I am Numonic
Actually the FDIC only has $16.349 billion left as of today not including the $45 billion it’s supposed to get from the bank prepayments because that $45 billion doesn’t exist yet.
why isn’t my stuff showing.
Devaluation of dollar in the sense our currency devalued when our currency was made of gold will take place like this: For every physical dollar you withdraw, your account will be debited $2 and for every physical dollar you deposit your account will be credited $2. So all the cash that is out there will be going to banks and very little will be leaving. The actions of the banks are saying, physical cash is in high demand and low supply right now. Expect stricter cash withdrawal limits.
my comments weren’t showing before, just checking now.
Haha, very true! Let’s see if there is an official devaluation – all good for PM holders
what will happen is that they will officially devalue the dollar , your correct it is happenning as we speak , but they won’t officially say anything until they have taken all the Gold that they think that they can get out of the american people , you know WE BUY GOLD where do you think all that Gold is going
There is one currency backed 100% by gold.
GOLD
And in 1 million years one gram of gold will be worth 1 gram of gold.
Most people can not understand this simple fact.
I did not.
Actually, he is 74 years old! Gold Meister!
vinny1010
No currency is 100% backed by gold or silver. You are spot on about that, but I believe there will be an “official” devaluation of the dollar within the next year. I could be wrong. Maybe the next 5 years.
It does need to take a year or year and a half to devalue the dollar, it is devaluing currently. And there will not be an official devaluing of the dollar bc the dollar is not backed by Gold nor is it backed by Silver.
Leave a Comment