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Old 09-29-2008, 02:32 PM
 
Location: Texas
4,933 posts, read 6,800,080 times
Reputation: 5494

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Quote:
Originally Posted by ohioaninsc View Post
If people panic, that will lead to major problems. Your money is guarenteed up to $100K, so I wouldn't make a run on the banks. Again, that will cause more problems than we already have. Then, this would be a repeat of 1929. Don't panic people.
Where does the FDIC get it's money when our nation is 10 trillion in debt? There is no money. They can only print their obligations. Trade your dollars for real goods now. Stuff that will help you survive the collapse of America.
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Old 09-29-2008, 02:37 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,238,139 times
Reputation: 379
Our Dollar is actually stronger now since this bail out bill was shot down people!!! Wake up, don't panic, educate yourselves!!!
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Old 09-29-2008, 02:38 PM
 
Location: Wantagh NY
690 posts, read 910,735 times
Reputation: 142
I am thinking GOLD! :-)

All in one ounce bars! Great for trading! LOL!
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Old 09-29-2008, 02:39 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 19,314,301 times
Reputation: 2499
To those believing in the FDIC saving your accounts,WHEN EXACTLY will the FDIC repay you?

One day,two days,three weeks?
The answer is 'as soon as possible'....kind of a little vague.

Now WHERE EXACTLY does the FDIC get the funds from?
Well oddly enough it gets it from.....taxpayers.

So the FDIC will,as soon as it possibly can,pay you back your money in a bank account with your taxes.
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Old 09-29-2008, 02:43 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,238,139 times
Reputation: 379
And in case nobody noticed, which I'm going out on a limb and guessing many didn't, oil dropped quite a bit as well. Also making our dollar stronger.
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Old 09-29-2008, 02:44 PM
 
125 posts, read 166,494 times
Reputation: 58
Quote:
Originally Posted by TexianPatriot View Post
I don't know if this is political or not, but I'm not willing to risk getting paid back in depreciated dollars from the government printing press (FDIC is insolvent. Our nation is insolvent). I'd suggest getting your money out now while it still has value. Only a sucker would put faith in the system that is clearly bankrupt and broken. Just don't be the idiot that gets caught with his pants down. People are already lining up at banks all over the country.
Ok.... this is what you would suggest people to do .... have you actually done it? If so .... good for you. Personally I would much rather be part of the solution than the problem.
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Old 09-29-2008, 02:45 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,238,139 times
Reputation: 379
Quote:
Originally Posted by walksalone View Post
Ok.... this is what you would suggest people to do .... have you actually done it? If so .... good for you. Personally I would much rather be part of the solution than the problem.
Indeed! Do not make this worse people.
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Old 09-29-2008, 02:49 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 19,314,301 times
Reputation: 2499
It IS your money in the bank....if the bank you trusted was so wasteful to put itself in the position where it can fail, perhaps it deserves to.

My bank just vanished today....I guess they should have been more frugal.
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Old 09-29-2008, 02:53 PM
 
Location: Orlando
105 posts, read 191,625 times
Reputation: 30
Default Are you kkkidding?

Quote:
Originally Posted by texianpatriot View Post
i don't know if this is political or not, but i'm not willing to risk getting paid back in depreciated dollars from the government printing press (fdic is insolvent. Our nation is insolvent). I'd suggest getting your money out now while it still has value. Only a sucker would put faith in the system that is clearly bankrupt and broken. Just don't be the idiot that gets caught with his pants down. People are already lining up at banks all over the country.

this is the worst piece of advice i have ever heard in my whole life. It is probably some kid seeing if they can start a stampede at the bank. What are we gonna do w/all the hot dollars we withdraw einstein?
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Old 09-29-2008, 02:55 PM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 19,314,301 times
Reputation: 2499
Ummm,if the system is not bankrupt and broken,why are the American people being asked to give $700,000,000,000 to them???

And why do the banks and investment firms keep going under?
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