Bank crisis...is it real?

No.

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What is going to be interesting is if(when?) we go to negative interest rates(like some other major economies have) and depositors have to start paying the bank interest to keep money in their CDs and money market accounts. It will be really interesting to see how Americans react to that.

 

Hole in back yard, Home safes, foreign curriencies, gold, silver, platinum, and Palladium.

 

Have you noticed when gold prices start going up that these offers to sell you gold come out of the woodwork?

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Buy gold when economy is great. Sell it when economy is bad.

 

Yep. Imagine standing knee deep in gasoline and there's a five year old playing with matches standing next to you.

To say our banking system is built on sand would be generous. Our banking system is fatally flawed and central bankers and planners tinkering with it is just a recipe for disaster.

 

The problem is that by the time the economy goes bad, it's too late.

When I was in college, there was a guy on the radio named Irv Homer. I thought he was nuts. I really thought he was just some whacko conspiracy theorist. But whacko or not, his show was entertaining so I kept listening and, one by one, I noticed the crazy things he said were staring to come true.

One of the things he said was that there will be NO social security for me, and so I started to plan as if my retirement depends on me. Another is that fiat currency is worthless. So, I worked, saved, invested, worked, saved invested, and so on.

Then, when my wife and I got married, she was an accountant and had been taught the same thing by her parents.

Our philosophy was that you really don't need much money when you're in your twenties and thirties. Every dime went into saving and investing. As a result, I retired in my late 40s and she just does part time freelancing work, usually around tax time.

Sorry. Didn't mean to digress. But my point is that gold, metals, and land are investments you can count on, even in tough times and our portfolio is propped up with gold and metals.

 

The economy is so good right now that the United Auto Workers is striking against the rapacious General Motors.

 

Communists say banks are bad. Analysis, banks must be an important part of economic freedom. Pre-civil war, many people ran down blacks. During Viet Nam people spoke of gooks.

Man has little to fear of what men do in the name of evil, but God help us from what men do in the name of good.

 

Very few Communists in the United States. Banks are not the culprit in the debasement of the currency. Fiat money is.

 

It is true that very few people in the US claim to be Communists. However a majority of people vote for left leaning folks.

Why do we spend more than we take in in times of relative peace and prosperity? The left leaning folks refuse to balance the entitlement budget.

 

The Federal Reserve is 99 percent responsible for devaluation of our currency.

 

No

 

Being "left leaning" does not make one a Communist anymore than being "right leaning" makes one a Fascist.

Neither the right leaning nor the left leaning truly care about balancing the federal budget. The only group who truly cares about balancing the budget is libertarians.

 

The gold and precious metal industry always say there is a bank crisis. That's the only way they can get customers.