Spot on, my thoughts exactly when I read the post.
The world of money is like a tank of sharks and the sheeple think they can be safe, but they cannot.
Most people do not realise that if they put their money in the bank as a deposit, and the bank goes belly up, they have little claim.
As a depositor they are considered as having lent the bank money in exchange for interest and therefor are taking a business risk. If the bank fails they become simply a creditor and can stand in line to get paid maybe a cent on the dollar, if anything.
Gold is the best bet, but the worlds governments are doing their very best to keep us from protecting our own interests there.
Lockitt
ICG Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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