|
Central IL | Not too big on TEOTWAWKI theories in general, but the derivative one may be a real threat. My understanding is that JP Morgan alone has derivative involvement greater than the entire world GDP and in 2008 had to steal the assets of the Washington Mutual shareholders of about 20 Billion on order to prevent the entire scheme from collapsing. That is also why we taxpayers bailed out AIG as their failure to deliver on their derivative debts would have collapsed the entire world finance system. Might be time to go back to the old post hole bank mason jar of gold coins as a reserve fund. | |
|
Something to keep in mind (re: bank deposits)
