Grab your guns, grab your gold, grab your girl and get the heck out of Dodge! Change is coming.
Congress Check offers this commentary from Dr. Martin D. Weiss.
Citigroup collapses! Banking Shutdown Possible
By Congress Check in Uncategorized on November 25th, 2008
Dr. Martin D. Weiss
November 25, 2008
* Despite the U.S. government’s massive Citigroup bailout, it is going to be difficult for the global banking system to survive the shock to confidence for very long.
* Even if insured depositors do not pull out their funds, uninsured institutional investors are likely to run with their money, threatening to bring the system down.
* And alas, even if you have your money in a safe bank with full FDIC coverage, you could be adversely impacted.
How will the events unfold? That’s a massively complex question that demands an extremely cautious and thoughtful answer. That’s why, this past August, we devoted a full hour to this question in our “X” List video, naming the most likely candidates for bankruptcy. So let me review its primary conclusions and then take this discussion to the next level.