07.15.2008 5:38 pm
FDIC and the economy: Are you worried about getting your money?
St. Louis Post-Dispatch
From a story for Wednesday’s Post-Dispatch:
“People who never asked about FDIC insurance are asking about it now,” said Steve Marsh, president of Enterprise Bank & Trust in Clayton “They also ask about exposure to subprime loans.”
With the economy in the tank and the subprime mortgage crisis gripping the financial markets, bankers in here and elsewhere are seeing a lot more interest from Regular Guys about getting their money: Is it safe? Can they get it out?
Do you share these concerns? Are you comfortable that your savings is safe? What do you hear from friends and relatives?
Kurt is the director of social media for the Post-Dispatch, where he has worked since August 2002. He's been a journalist since 1982, covering municipal government, courts, education and two hurricanes as a reporter before becoming an editor. 
Many serious economists felt that there was a housing bubble. The technical signs were there.
There’s one big reason the dollar won’t absolutely collapse–the power of central banks to act in harmony to strength or weaken a currency. It’s happened before–see the Plaza and Louvre Accords of the 1980’s. They have the ability to make a market.
Paul,
They have a ability to make a market?
The wisdom of man. What can one say?
Give it up Dwalk, Paul explained currency trade to you in 3rd grade language and you still don’t seem to get it. You are way out of your league on this. You may want to consult Garrison. He has a firm grasp on googling an article that agrees with his view and then plagiarizing said article. Seems you need that help now.
Good explanation Paul.
Amazedbythelunacy,
Okay.
I found an article by a South Asian financial expert that I agree 100% with. It also explains why Paul’s false belief that the Plaza and Louvre Accords of the 1980’s will not work in this present economy. Paul’s old ways of thinking does not hold true in this new present day economy that we find ourselves in. It is a very interesting and common sense view of what really is in the world today and the US economy.
Amazedbythelunacy,
I don’t expect that you will be unblinded after reading it, but I look forward to hearing your and Pauls comments concerning this expert’s views.
http://www.cato.org/pubs/journal/cj27n3/cj27n3-1.pdf
Amazed and Paul,
Forgot to tell you to start reading from page 309, but all of it is very good for knowledge and is something that you should read.
Tell me what you think under the conclusion, that part starting on pg. 322.
If I were anyone interesting in learning about this global economy, I would print off all 300+ pages and place it into a notebook and really take this information in.
This is a good article that I have attached that is in keeping with my thinking below:
http://www.informationliberation.com/?id=24392
All of this facts only backs up the truth of biblical prophecy. The US is not even a player in the game of super-powers. We will not be, and it is so clear now how that will come about. We are going to fall, it is inevitable. Now you’re thinking that I’m really nuts, aren’t you?
It is also good to read about what is going on in other countries from their point of views.
http://www.en.rian.ru/
I was looking for the article about how Iran had annouced in December 2007, that they would stop accepting US. dollars. Remember when Saddam Hussein annouced this how we went to war with Iraq? Well Iran have too strong of allies and such an act will not be so easy if are are so foolish enough to attempt it.
Found it! “IRAN STOPS ACCEPTING US DOLLARS”
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=59109
Also notice in the article above that in 2005 Venezuelan President Hugo Chavez annouced that he was going to stop accepting US dollars. This is the reason the U.S. hates this man and want him removed. It is all about oil and money, not that he is some crazy ruler dictator.