Had Enough? Time For A Boycott! ~ KARL DENNINGER

TRANCOSO · 10-21-2009, 03:32 AM

This plan can only work when the capital that is drawn out of the accounts is big enough to make small banks so 'healthy' that they become independed of the Fed & have at all times a very large cash reserve, so they can withstand a possible 'run' on the bank by their customers. Because they will fall over & be 'bankrupt' otherwise, which could cost a lot of people their savings.
If I was an American with money in a bank, I would withdraw it & buy pure gold (South African Kruger Rands) silver or platinum.
The dollar ain't worth the price of the paper it's printed on.

10-21-2009, 03:32 AM	#2
TRANCOSO Avalon Senior Member Join Date: Jul 2009 Location: Amsterdam Posts: 964	Re: Had Enough? Time For A Boycott! ~ KARL DENNINGER This plan can only work when the capital that is drawn out of the accounts is big enough to make small banks so 'healthy' that they become independed of the Fed & have at all times a very large cash reserve, so they can withstand a possible 'run' on the bank by their customers. Because they will fall over & be 'bankrupt' otherwise, which could cost a lot of people their savings. If I was an American with money in a bank, I would withdraw it & buy pure gold (South African Kruger Rands) silver or platinum. The dollar ain't worth the price of the paper it's printed on.