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Old 09-27-2008, 04:40 PM
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stompk stompk is offline
I work for God
Join Date: Jan 2008
Location: In the valley
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Default Re: The Emergency Lending Fund. $3000 Gold?

Originally Posted by BlueAngel View Post
What should we do?

Take our money out of their banks?

Is it getting to that point?

Can the FDIC become bankrupt?

Dumb question.

They can tell us anything they want cause they're LIARS??
Prepare for food supplies being cut off, gas shortages, maybe even power

Emergency federal lending to the FDIC could swell the cost of government rescues of failed financial institutions to more than $400 billion -- not including the $700 billion general Wall Street bailout now under discussion in Congress. Under federal statute, the FDIC must pay back any loans from the Treasury.

That number would be even higher if the government were on the hook for uninsured deposits -- which amount to $2.6 trillion, 37 percent of the total of $7 trillion held in the U.S. branches of all FDIC member banks. Invest

Second Quarter 2007
All Insured Institutions Commercial Banks Savings Institutions
36.776 31.973 4.803
Second Quarter 2008
4.959 10.156 -5.197
FDIC: Statistics at a Glance

The numbers don't lie. Things are very bad, and will get worse. It's like trying to stop a train.
The trains can take miles to shut it down, and then more time to reverse it.

That's because nationwide our gasoline inventory is shockingly low. Liquidity must be restored soon to this market, or we could be facing a crippling run on the gasoline bank. And if you think Americans are outraged about Wall Street, wait until their Main Street grocery store doesn't get the bread and milk delivery for a week or two.
More gas shortages on the way - Sep. 26, 2008

Now that we know “why” the gas shortage has been so severe and appears to be getting worse, we must ask ourselves how we got into such a short supply in the first place - and how do we get through this without making it worse to the point where it affects food deliveries, a crisis that could be brewing that could easily cause widespread panic and help to usher in martial law. Many of us have been attempting to understand why the 3rd Infantry Division’s 1st Brigade Combat Team has been assigned to duty within the continental United States; however, as Team Bush has clearly demonstrated these past few days, they have known about our financial implosion and sat on it, developing bailout plans to protect the corporations and wealthy, all the while assuring the general public that the “economy was strong.”
OpEdNews » Fortune Magazine Reveals Why There Is A Gas Shortage - And Warns It Could Get Worse!

The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.

Now they’re training for the same mission — with a twist — at home.

Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks
Brigade homeland tours start Oct. 1 - Army News, opinions, editorials, news from Iraq, photos, reports - Army Times
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