Thursday, February 25, 2010

Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight

Bank holidays and the devaluation of your money. The same thing that has happened to other countries and to us during the great depression is going to happen again. Yes it is not a matter of if but when.

The Federal Reserve is at it again, and they are robbing us. It is only going to get worse so prepare for the worse and hope for the best.

Alex Jones and The Drudge Report reported on this on Monday.

The recent controversy surrounding Citibank’s advisory to its customers reserving the right to impose a 7 day restriction on withdrawals from their accounts is a stark reminder of the vulnerability of the fractional reserve banking system and the FDIC’s shaky guarantee that it can insure deposits in the event of a bank run...

Full story HERE

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