Comments on: The FDIC http://engtovo.wordpress.com/2008/09/29/the-fdic/ Tue, 29 Dec 2009 07:47:48 +0000 http://wordpress.com/ hourly 1 By: Bob http://engtovo.wordpress.com/2008/09/29/the-fdic/#comment-2058 Bob Thu, 09 Oct 2008 16:58:51 +0000 http://engtovo.wordpress.com/2008/09/29/the-fdic/#comment-2058 Oops, misleading error: It's the bank reserve requirements that were done away with. Now no bank can claim failure and invoke FDIC protections. If they are out of cash, you can just wire the "money " to your intended destination, even another bank with actual cash, or a gold broker. I'm starting to think the whole reason behind this artificial financial crisis is to get commerce completely dependent on electronic money, the cashless society, as a transitional phase leading to chipping everyone, a stated near term goal at the most recent Bilderberg summit. Of course there are other purposes, like sweeping the markets to further absorb the wealth of the middle class. Oops, misleading error: It’s the bank reserve requirements that were done away with. Now no bank can claim failure and invoke FDIC protections. If they are out of cash, you can just wire the “money ” to your intended destination, even another bank with actual cash, or a gold broker.

I’m starting to think the whole reason behind this artificial financial crisis is to get commerce completely dependent on electronic money, the cashless society, as a transitional phase leading to chipping everyone, a stated
near term goal at the most recent Bilderberg summit.

Of course there are other purposes, like sweeping the markets to further absorb the wealth of the middle class.

]]> By: Bob http://engtovo.wordpress.com/2008/09/29/the-fdic/#comment-2057 Bob Thu, 09 Oct 2008 06:55:32 +0000 http://engtovo.wordpress.com/2008/09/29/the-fdic/#comment-2057 The FDIC IS safe, cause the bailout bill reduced reserve requirements to zero, so they CAN'T fail. They'll just run out of cash temporarily. Hype and hoopla. The bailout bill is close to five hundred pages! The FDIC IS safe, cause the bailout bill reduced reserve requirements to zero, so they CAN’T fail. They’ll just run out of cash temporarily.

Hype and hoopla. The bailout bill is close to five hundred pages!

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