Our Crumbling Banks
(2009-08-24 at 19:40:19 )

My local banks have announced to their " customers "?? that all of their
" fees " are going up. What they are not admitting is that their business
practices have plunged the entire world into a financial crisis.

Tomorrow a government report will come out about the banks that the FDIC
considers to be in trouble. The general public in America will ignore the
report but the Banks and governments overseas will pay close attention to
this report.

If the report is as dire as has been predicted wise folks are going to be
getting rid of as many Federal Reserve Notes as quickly as they can and
as quietly as they can.

The FDIC does not have enough money to insure the deposits of these " in
trouble " banks so the large depositors will be removing their money to
much safer havens.

All of us " little people " are going to get " Royally Ripped Off " by
our very own local banks who intend to nickel and dime us with every
new gimmick charge and fee that they can come up with.

My " free checking " is going to now going to cost me $10.00 a month. It
is going to be even worse for people under fifty.

All this is going to be good news for the " Credit Unions " that have
practiced good sound monetary policy over the years. I think it would be
a wise thing for me to check around about them.

Whatever the fallout from tomorrows FDIC report is by the first week of
September it should be apparent just which way the wind is blowing!!