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Financial Collapse?

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February 10, 2009 – Comments (2)

Financial Armageddon has a post which is pretty scary in terms of the financial system.

I have said before and I will repeat, I think the bailout is about ensuring that if you go to your bank you can make a withdrawal, plain and simple.

2 Comments – Post Your Own

#1) On February 10, 2009 at 6:05 PM, HansHauge (30.67) wrote:

Holy Crap..... I think I just shat, Thanks Deb.

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#2) On February 10, 2009 at 6:31 PM, FreeMarkets (93.19) wrote:

It's time to END the FED and get back to a 100% Reserve Banking system.  These types of things can't happen unless the money doesn't exist.  The FED allows banks to create money out of thin air and then when people go to withdraw it, is it any wonder it isn't there?

Everyone needs to get some understanding of why we need to End the FED.  Go to: http://www.mises.org

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