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To: whitedog57
Of course, the crash of the housing market and the loss of consumer confidence in the economy may explain the hording of currency at commercial banks.

So in the Age of Obama, saving money in your bank account instead of pissing it away on Escalades, Nike Air Jordans and bling is "hoarding currency."

3 posted on 12/23/2012 9:28:23 AM PST by E. Pluribus Unum ("Democracy is indispensable to socialism. The goal of socialism is communism." --Vladimir Lenin)
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To: E. Pluribus Unum
So in the Age of Obama, saving money in your bank account instead of pissing it away on Escalades, Nike Air Jordans and bling is "hoarding currency."

Money IS now being hoarding regardless of how poorly credit was over extended in the past.

9 posted on 12/23/2012 9:52:24 AM PST by FreeReign
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