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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Beam who wrote (5795)	4/6/2013 7:12:56 PM
From: The1Stockman	Respond to of 14245

I remember seeing this article but didn't have time to post it a week or so back, ... All you have to do is understand this one paragraph and you will know what your up against. <"What most people do not realize is that when you deposit your money in any bank, from an accounting and legal standpoint, you are loaning the use of that money to the bank. In other words, you become a creditor to that bank. Look at any bank balance sheet and you'll see that "deposits" are listed in the "Liability" section of the balance sheet. Defined as such, it means that as a bank depositor, you are exposing yourself to the ability of the bank to give you back your money when you want it. The bank is your legal counter-party. The only reason people believe that their money is completely safe in a bank is the existence of Government-sponsored deposit insurance. The only difference between what is happening in Cyprus now and what happened in the U.S. in 2008 is that the U.S. has the ability to print its own currency in order to bailout the banks."> Add this one to it. <"In addition to printing money, the big bank bailouts in this country and in Europe were funded by the taxpayers. That's exactly what TARP is and, most people are unaware of this."> I'm dead serious when I say, Ive begun adjusting my banking needs to protect my hard earned money. Good article Beam, thanks for bringing it here, ... and everyone should keep all of this in mind.