Thread: A note of caution for those with deposits in US Banks

Originally Posted by Butterfly

Second, you seem to infer that the Federal Government is responsible for all debt, even private, indirectly by extra polling a scenario of the FDIC defaulting ??? I mean WTF, are you really that clueless ? why not go the whole route of USD debt in foreigner countries then ? should the Federal government be also responsible for Eurodollar defaulting ????

The CIA Handbook that has measured debt to GDP %ages strangely excludes all debt other than Federal for the US figure, yet includes Municipal and State debt for comparable countries, such as Canada.

Quoting like with like would be a start.