Wednesday 31 August 2011

Misplaced faith...............from Rico

Backed by the "full faith and trust" of the US Government?
- That's an awful LOT of hopium [misplaced faith].

Let's see: $6,5 trillion in FDIC insured bank deposits* is backed by...$3.9 billion on hand in the FDIC?
- That's not even 'fractional' banking, that's 'fictional' banking.

How is YOUR bank doing these days?

*$1 trillion of these deposits are OVER the $250,000 FDIC limit and are uninsured. Bare to risk.


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