“It's All Downhill From Here, Folks†~~~ GREENRUSH MARKET WIRE: February 5th, 2008 - the analyst on the video is talking about the market and telling the audience to expect bank failures. He concludes by telling people to check on the health of their bank.
I can't give all my secrets away, but I should be more specific by broadening my prediction to not just banks, I meant 2 financial organizations. When I'm right I'll be sure to bring it up.
Weak arguement. If you spout off twice that you see 2 banks closing, they you should be able to back it up with a little bit of info at least. Maybe some reasoning. I am calling your bluff of just spouting off something.
A. I spout off twice just because that guy said whatever he did after me. B. You need some info on how stupid these imbeciles are that run these institutions? This housing bubble is enough. C. What the hell do I gain from bluffing a bunch of webmasters on market predictions?
A. you repeated yourself for no reason B. Those imbeciles gambled which can make them money sometimes, but the imbecile that took the loan also gambled with much higher percentage of their own money than the bankers C. trying to make oneself look like a know-it-all....
Banks won't fail. Either the Fed will pay off the depositors or Congress with provide another bailout. We can always start printing $500 notes.
They still post the process "every" year, they updated the process, nothing more. Go back to your 9\11 conspiracy.
The Bush administration cited in its 2009 budget proposal "a higher rate of potential failures given current conditions in the industry" ... An analyst with RBC Capital Markets said last week that between 50 and 150 U.S. banks could fail by early 2010, mostly those with no more than a couple of billion dollars of assets. http://www.reuters.com/article/sphereNews/idUSN0518804120080205?sp=true&view=sphere
So do you think banks are safe? Should I put it under my mattress? Just from reading on the forum, I gather that many people believe you should invest in gold. I was looking on google to figure out how I do that, don't really understand. Does anyone know of simple info I can read that would explain how?
PM Tesla. He seems to be quite knowledgeable on the matter. I'm sure he would be happy to give some free advice.
The problem is the inflation that bank failures will cause. The Fed can never run out of money and you will be paid.
So you will get your money, but it won't be worth much. If guess then if you save your money in gold, then I think it should retain some value. What will raise in value as the dollar falls? Or what would keep it's value (other than gold)?