Explor Resources Inc. (fka EXSFF)

[chippinfool]

Sobering numbers for sure. What surprises me most, is that people seem to be so unaware of or are uncaring enough about this situation to raise hell with our legislators. And that analogy is very graphic to say the least.

By the way,was it you who posted about the banking bill signed into law by Bush? At any rate, Mccoach, whom I do not follow except for the tidbits here,mentioned this very law and advocates using Canadian banks for savings because of it. He also has his personal stock trading account with TDAmeritrade Canada because brokerages in the U.S. are levered with derivatives same as the banks. In the event of a bankruptcy,as discussed here previously, your brokerage account is up for grabs same as your bank account would be in the event of bankruptcy at your bank. This is extremely disgusting and I post this because it is no less important now, than when it was first pointed out and I want to make sure this information is recirculated.

One speaker,whose name is forgotten, but in my notes, said that U.S. debt is $15 trillion. I wonder how to put that into perspective considering that Bank of America has $80 trillion in liabilities through derivatives on its books. Scary.