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

Originally Posted by bkkandrew

^Sorry MM, I have been away for a few days. Normal service will be resumed on this thread from Monday next week.

I note that the signs are now that the Mother-of-all-bailouts is too little, too late and doomed to failure. Those signs include the falling dollar, commodity pricing in dollars all over the place and financial stocks falling back to pre-MOAB levels.

There is now no doubt in my mind that the US financial system will collapse and, as the FED has now tied into so much of the system with their guarantees and direct funding, they will be dragged down too. These past 5 days (post MOAB announcement) have merely been a postponement and a false dawn.

Well I must say you certainly don't seem to be afraid to go way out on a limb with your predictions (I count six). I hope that one of them turns out to be true.