What’s Behind The Growing Pile Of Dead Banker Bodies? Here's a background of some of the dead...

Personal Liberty ^ | 02/25/2014 | Bob Livingston

[Paladin2]

Too bad Bammy knows no shame.....

[max americana]

“The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars. And you may not know this, but banks don’t hold all the money they supposedly have as assets.”

Worth reading and remembering.

[Cvengr]

Something about an 8-nail suicide by nailgun by a very smart person sounds strange. Dedicated, but still very strange.

[pieceofthepuzzle]

“And you may not know this, but banks don’t hold all the money they supposedly have as assets.”

Yes. Somewhat like playing musical chairs, except that those in the know already have a reserved seat for when the music stops. The rest of us are on are own.

[max americana]

Yup. The concept of a “savings account” is a laugher too.

[Axenolith]

It’s just a flesh wound!

[jiggyboy]

[Fee]

The FDIC has $ .30 to insure every $ 1000 account. In the US you cannot open an insurance company in any state or territory with that asset to liability ratio. If one of the top six US banks defaulted the FDIC would default.

[TEXOKIE]

bttt

[rawcatslyentist]

What a bunch of stiff old Fuddy duddies.

[Toddsterpatriot]

Did they suddenly feel remorse for screwing over their depositors so badly?

Which depositors were screwed over? Where?

“Ha!” The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars.

What's the proper amount they should hold?

And you may not know this, but banks don’t hold all the money they supposedly have as assets.

Only idiots did not know this.

http://www.youtube.com/watch?v=EOzMdEwYmDU

Banks lend out $10 for $1 in asset they hold,

Nope, sorry. They lend out less than deposits, not multiples of deposits.

To protect yourself, you should have silver (pre-1965 U.S. coins) and gold in your possession.

Right, because losing 30% on your gold and 60% on your silver over the last 2.5 years was much better than cash in a bank Ponzi scheme.

[alstewartfan]

Was his body found at Ft. Marcy Park? Clearly, a suicide. Bob

[Tennessee Nana]

PING

[MarMema]

Quite nearly impossible actually.

[volunbeer]

Ping for later

[Smokin' Joe]

Something about an 8-nail suicide by nailgun by a very smart person sounds strange. Dedicated, but still very strange.

8 Nails?

Well, he wasn't a quitter.

Which begs the question...

[Thermalseeker]

Right, because losing 30% on your gold and 60% on your silver over the last 2.5 years was much better than cash in a bank Ponzi scheme.

Oh so typical American short term thinking wrapped in a healthy dose of normalcy bias. If you sincerely believe the next 30 years are going to be like the last 30, mister, you are in for one rude surprise......