People Losing Trust In Banks - Withdrawing Deposited Money At Record Rates

Its because the Fdic isnt insuring bank accounts anymore

^^^is this true?

let it burn maybe it'll wake the rest of the sleeping sheeple.
I really would like to see them push that chip on people through dictatorship berry care.

FDIC goes back to 125,000 secured instead of 250,000 secured. What you have is a lot of wealthy people moving their money and not your regular folks.

As quick as you can put all your money into land, food, and silver. Silver will sky rocket to $600 an ounce by May of 2013, and the US dollar will collapse by April 2013 this is from many sources. All of you people have been warned of the coming economic collapse, and it will spread world wide. Worse then the Great Depression. When all said and done 90 percent drop in the stock markets, hyperinflation, and 50 percent unemployment even in the US.

SMART wealthy people don't keep money in a bank where they don't receive shit for interest.And what little interest they get they have to pay taxes on.That is why the stock market is going up because they are chasing higher returns....

they spent it all on guns and ammo. just getting ready for the party.....

guns and ammo...might have a point there

stocks y'all, and stocks y'all, and stockety stockety stocks y'all

How could anyone trust a bank in he first place? Pfft simpletons.

people who use banks are part of the problem.

We never had faith in the banks....we just trusted them because at once time they insured our money.

Always keep a good stash hidden at home. You never know when you might need it. If there's ever a bank run or holiday and you can't access your funds then your out of luck.

No, smart wealthy people are trading on the inside of a government subsidized Ponzi scheme.

yep. derivatives against the federal reserve anyone? any takers? err uh millionaire takers?

wait... of course there are. damn wish i could get in on a derivative against ol timothy and bernake poo

This makes it easier for Bennber to distribute inflation. Then all he has to do is hit ctrl-p and send over more electronic money to the banks, shoring up their reserves.

People are fooled by pretty ink designs on paper !

FDIC was $250,000 my whole life, I'm not understanding the "back" to $125,000 part. Should have quoted, the post is farther up.

My eyes are crossing, trying to find info here:
[link to www.fdic.gov]

My eyes are crossing, trying to find info here: It looks like it is still $250,000. Am I missing something?
[link to www.fdic.gov]

Last Edited by CeeLite on 01/26/2013 10:50 PM

More
[link to www.fdic.gov]

Yeah, I don't trust them but I do believe they keep my money a little safer than the mattress does.

Listen closely from @3:00 to 3:30... this explains a great deal.

No...that's not it...

The lions share of this money is being pulled out of the "Too Big To Fails", where a measely $250,000 of deposit insurance means jack...

[link to www.businessweek.com]

And it's not just that one week, the banks have been bleeding money since December...

Seems to be a big influx of money into oil futures and physical metals...

Last Edited by Saddletramp on 01/26/2013 11:02 PM

I give you 5 stars for spelling losing correctly

These new bailouts won't as small as the last... They only get bigger.
[link to www.propublica.org]

Thanks for that, was hoping you'd drop by this thread and shed light:)

No, it's not.

the raise to $250,000 was recent...3 or 4 yrs ago

No, the TAG program in 2009 raised the insurance level to Unlimited on non-interest bearing accounts...and left it at $250,000 on Money Markets and other Interest bearing accounts...

TAG expired on Dec 31, 2012, taking FDIC insurance levels back down to $250,000 per entity, regardless of the number of, or type of, deposit accounts that entity has with the bank...

In other words, all deposit accounts in one persons name are insured up to $250,000 for that person...

Last Edited by Saddletramp on 01/26/2013 11:27 PM

So the first bailout allegedly required the $100k FDIC insurance limit pushed to $250k. Later it had to be moved to unlimited. And now it's back to $250k/entity... Do you think this could be game over or just another drama to justify yet another too-big-to-fail bailout? With your ex-bankster perspective... what say you Saddletramp? I appreciate your insight!