Lose Their Deposits!
Paul Joseph Watson
Prison Planet
Tuesday, September 16, 2008 (DAY DEPRESSION STARTED!)
You know things are bad when Yahoo.com, the most trafficked website
in the
world and usually a purveyor of mindless celebrity gossip, cooking
tips and
dating advice, features a top story about how
Americans could lose their
bank deposits following the collapse of Lehman
Brothers and all the
other Wall Street firms, and thousands of
banks and the stock market too.
For the Internet giant YAHOO to prominently report that "there is
already a “slow
motion run on banks” is indeed a landmark event, and precludes
even the most
ignorant American from claiming they were not forewarned about the
unfolding
economic catastrophe.
The article points out that although the Federal Deposit Insurance Corp.
guarantees individual accounts up to $250,000, the FDIC fund only has
about
$50 billion to “insure” about $1 trillion in assets across the nation’s
financial institutions. And in the fine print, it actually says, 'we
have twenty
years to pay that sum back, we're not obligated to give it to you right
away."
When Americans realize the fact that banks are “going to run out of
money”,
the article nonchalantly states, a run on the banks will accelerate.
The warning comes from top economist Nouriel Roubini, of NYU’s Stern
School
and RGE Monitor, who correctly predicted the severity of the credit
crunch in 2006!
Roubini says there is already a “slow-motion run on retail banks” occurring
nationwide.
He advises that people with accounts over $250,000 in value should at
least
spread them out among different firms. But that is completely bad advice
as
FDIC will never give you your cash. THE CONTRACT says they have 20
years to give it back, (fine print,) and in 20 yrs of everyone in America
living
without their life savings, there will be no FDIC, no GOVERNMENT and
NO YOU!
The use of such inflammatory language like a “run on the bank,” especially
from the most visited website on the entire planet, is phenomenal and
other
news websites as well as financial advisors have been cautious to use
such
terms in an effort to prevent panic.
For example, we read in today’s Seattle Post Intelligencer that, “Sara
Hasan, an analyst with Seattle’s McAdams Wright Ragen Inc., said she
didn’t
even want to use the word “run” — as in “run on a bank” — during an
interview, because “these are very touchy times.”
Other advisors are more up front with their warnings.
“First off, go ahead and make a run on your banks. If you have money
with a
brokerage firm or bank that is in trouble, get your money the heck
out of
there!” writes Joe Ponzio.
“In reality, I don’t want to cause a run on the banks; but, I won’t
prevent
one by saying that everything is fine and that you should wait until
it is
too late. My recommendation: Move your important savings and checking
accounts to banks that have a higher likelihood of weathering the storm,”
he
adds.
http://www.prisonplanet.com/run-on-the-bank-americans-could-lose-their-deposits.html
NOTE FROM the MONEY SECRETS WEBSITE. Get your
money out of the bank.
Take that bundle and buy a piece of rural land, valley, fertile land,
facing south if on a hill, not
in the lee of a river, or the flood plain, and plant orchard and vegie
garden. Get your money
out of banks. If you have enough cash (you and family members,) &
your credit is very good,
NOW is when you BUY A HOUSE or-- if no jobs tie you to the city,---
a
FARM
Take all money out of bank fast and put it in land with at least 8000
square feet
to garden in. Fourtimes that, an acre, is better. Plant fruit and nut
trees, berry vines, asparagus
and artichokes. The site on how to buy a farm, and how to grow food,
practicing on your
rented city garden now, is: GARDEN
FOR FREE WEBSITE.
Get your friends, relatives to cooperate in the down payment. Build
agrarian worker villas
around a main house that has kitchen, communal dining room. See how
at FARM link above.
* * * * * * * * * * * * * * * * * * * * * * * * *
Our
POSTER is ANITA SANDS HERNANDEZ, Los Angeles Writer, Futurist
and Astrologer. Catch up with her websites TRUTHS
GOV WILL HIDE & NEVER TELL YOU,
also The
FUTURE, WHAT'S COMIN' AT YA! FRUGAL
LIFE STYLE TIPS, HOW TO SURVIVE
the COMING GREAT DEPRESSION, and
Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also ARTISANRY
FOR EXPORT, EARN EUROS....*
Anita is at astrology@earthlink.net ). Get a 15$ natal horoscope "my money/future
life" reading now + copy horoscope as a Gif file graphic! No smarter, more
accurate career reading out there!
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