Quote:
Originally Posted by jalami
Very simple... if shit hits the fan the Fed will create dollars to meet FDIC's obligations. FDIC guarantees up to $250,000 in your bank account, but nobody guarantees how much $250,000 will actually be worth when this is all over.
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And that is the problem right there... the FED. What do you think all the newly printed or fake money coming out of that place is doing to the US dollar? Making it stronger? NO!
The more we allow the government to keep cranking out money from the FED the worse things are going to get. I don't understand why people don't get that.
Forget about rising taxes, we have allowed our Government to straddle us with an 1.6 trillion dollar debt to heap on top of our taxes, seems we might allow them to nationalize the banks (when centralizing them under the FED was bad enough), allowed them to buy controlling interest in these large lending institutions (WHILE WE PICK UP THE DEBT), allowed them to create a chokehold on our civil liberties and freedoms in the Patriot Act, allowed them to keep us under an umbrella of terrorism brought to you by the media, and now we might stand here and watch our money at risk with no protection from the FDIC.
When is enough enough?
With the way people are these day, I can guarantee when it is to damn late to do anything about it.
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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01