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To: Real Man who wrote (384578)4/22/2009 7:26:03 AM
From: NucTrader  Respond to of 436258
 
In order to get us out of recession you have to get banks to lend and corporations to hire. Exchanging electronic money between branches of the Fed (zB: the Federal Reserve buying the Treasury's debt) and between the Federal Reserve and the banks (who still have hugh financial problems) isn't the answer, because there isn't that much money in all of Cathay. As DELEVERAGING continues, the economy is going to settle further into the mire, banks are going to continue SOUTH, corporation profits are going to fall off a cliff, a number of banks and corporations will go up in smoke and there WILL be bank runs. There will probably be a Federally mandated top on the amount of USD you can withdraw from your accounts...better do it now. And yes, put some of it into gold coins or bullion in your backyard account...IMO, of course