We are told that the twin giants Freddie Mac and Fannie Mae are being “bailed out” by the “government”. As I have discussed previously, this is just code for “money will be taken directly from the American people to prop up Fannie and Freddie for a temporary time”.
So what about other banks?
Of course, we have had the IndyMac failure which just keeps getting worse all the time, with the government now running the show.
So what we’ve come to now is going to be a purely socialistic system- where the government runs everything! If this weren’t bad enough, we now also have local and state governments suing financial institutions– and this even includes the big boys like Wells Fargo and B of A.
Do you feel safe? According to a CNN poll, one in five americans have no confidence in being able to get all their money out of their bank!
I’d get out now, rather than wait for the stampede. I’m slowly getting out of banks, and into goldmoney, where I can easily buy gold and silver and store it in vaults in London or Zurich. And pretty soon, goldmoney will be used much like paypal is today!