money and markets bank ratings

Is it going to take money out of the bank?

With the capture of IndyMac Bank, I plan to take my money in the bank. Not much, but I need it. I looked at my bank ratings is good enough now that I'll wait and see. I will be watching very closely the conditions of the industry banking services. I fear that a stock market decline in 1929 due to speculation around the top of oil reserves and borrow money to buy shares. Even with the FDIC does not see how taxpayers to bail out our accounts to examine the entire debt. World War II left the Great Depression happened, but another is not whether nuclear weapons.

It is likely that your account is insured by FDIC up to $ 100,000. Since you do not have much, I guess that's unless the government ensures that. This means that you have nothing to fear. Why you ask? Because – If you withdraw your money for your money – a dollar. If the FDIC has rescue many banks, the dollar is worth less (eg, we print more money), compared to other currencies. But – The dollar, which is supplied through FDIC insurance is still a dollar. A dollar is a dollar. The only way forward is whether the dollar stores now take something that is not based on the dollar – as a commodity like gold. So if the banking system really fails, or is another depression, your money will be worth what the dollar used to be worth the day I took the bench. Of course, if you remember the Great Depression, and reading your story, you'd know that smart enough to buy Gold told to resign. Why? Because the dollar used to be based on gold. However, the government owns only 10% in gold it was really printed. So when there was a series of withdrawels, there was no gold to back it up. The government can not pay debt. The United States filed for bankruptcy …. and we give our banking system of the Federal Reserve to private property (12 private banks international).


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