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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: kris b who wrote (50830)	1/22/2006 9:21:40 PM
From: Tommaso	Read Replies (2) \| Respond to of 110194

No problem with the FDIC. The Feds are committed to print the money. But if you are THAT worried, take Claude Cormier's advice, put it all in gold, and . . . I almost added something rude. Put it in gold and put it in a safe deposit box.

To: kris b who wrote (50830)	1/23/2006 12:44:46 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I will go one step further. What will happen if half the country's banks go under and FDIC becomes insolvent. Who will cover $ 3 trillion in loses. You are hinting at a possible hyperinflation endgame after deflation plays out. A government that has debt in its own currency can always choose to print money to cover the debt. But first we have to get to insolvency. Deflation first. BTW so few people have cash and bank reserves will have to come up and only cash below $100,000 matters, this is not that likely or if it is likely it is many years down the road and not todays concern. Mish