The total US Gov't debt including medicaid-medicare-social security (but not Obamacare) stands at 600% of US GDP.
We will have more bank failures this year than last year.
Look at the map and see how many banks are not even making 1% profit. Then think about FDIC being essentially "broke."
- And the banks debt-to-deposits are roughly 2:1...to the debt side of things. Your deposit isn't exactly "safe" or "guaranteed" with numbers like these.
The FED seems to be an exception...or an exceptional case, since they have a printing press. Look at the almost vertical lineto the right on the chart. This represents $421.8 billion in loans IN ONE WEEK'S TIME.
- Too bad WE don't know where all that money went. Or why. I wonder WHAT needed bailing out?
Wednesday, 14 April 2010
What banks know but you do not.........from Rico
From Theo Spark at 07:31
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