Reply #3: As one who does have a bit of savings . . . [View All]

[Paranoid Pessimist]

I can't help but think of 1929 and the years that followed when banks failed and people's savings "disappeared." Anyone who thinks "it can't happen here" or now, isn't paying attention.

Years ago I worked for one of the large international banking corporations and ever since I've been telling people that big financial institutions are criminal conspiracies. The only reason they aren't all in jail is that they're rich enough to buy off the legislators and cook the lawbooks in their favor.

If the international banking system should fail, you can count on the fact that they who run things will have stashed away enough liquid asses to assure that they will not participate in the widespread economic chaos.

Recommended video: Money as Debt

http://video.google.com/videoplay?docid=-90504743625834...