08-28-2009, 11:05 AM
Vanraw Wrote:The FICA is not going to run out of money. The goverment will just print more.....
This is EXACTLY the issue. And don't think it's just small banks making bad and irresponsible choices because they ALL do it. The bigger banks can hide it longer. But in the end those choices always catch up to them. This is not an If but rather WHEN and it's going to be in the next 6-8 months.
ETA : Consolidation of banking power is NOT a good thing. The regulation that a institution shall not hold more than 10% of the nations deposits is a VERY good regulation that is now being ignored.
"You cannot invade the mainland United States. There would be a rifle behind every blade of grass." - Admiral Isoroku Yamamoto
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.