InvestorsHub Logo
Followers 3
Posts 20
Boards Moderated 0
Alias Born 10/08/2008

Re: tchase33 post# 26476

Thursday, 10/16/2008 11:09:50 PM

Thursday, October 16, 2008 11:09:50 PM

Post# of 731035
Thats known, if it was tender well....then that would make it alot easier to steal would it not? Plus we would need alot more banks for 4 and a half trillion peices of paper in the united states deposits alone. Not even counting foreign investors. Plus the federal deficit which is another 10 trillion in principal and 40 trillion in interest. Plus bonds from 50 states and money in investment accounts and 401k's. That alot of paper. What your teacher does not tell you is that the FDIC can not even insure 1% of all the money deposited into banks right now. Thats why they have so much private sector power to seize banks, its not because they are protecting depositors its because they are protecting themselves. What your teacher also does not like to tell you is that since the central bank has come back into commission (94 years) it has devalued the dollar by an unpresidented 96%.


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News