Doomsday Run on Banks if Debt Limit not raised

By NCD on Tue, 07/12/2011 - 2:01pm |

Rush for cash as no safe haven investment possible, stocks, gold, commodities sold and plummet in price, no availability of loans due to huge rise in interest rates, FDIC cannot guarantee deposits so the mother of all bank runs. Marketwatch website.

URL:

http://www.marketwatch.com/story/no-debt-limit-deal-your-investments-plummet-2011-07-12

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I'm stocking up on toilet paper.

by Donal on Tue, 07/12/2011 - 2:06pm

I'm stocking up on cat food.

by NCD on Tue, 07/12/2011 - 3:03pm

I'm stocking up on stockings.

by cmaukonen on Tue, 07/12/2011 - 4:44pm

The Rich Republicans want higher interest rates. They don't want to do manual labor, they want their money to work for them.

It appears higher interest rates are on the horizon, so you better buy now and lock in those rates?

We are being manipulated a second time .

If cash becomes king, isn't it nice to know the bankers who got bailed out, will be somewhat safer than the rest of the peasants.

They saw it coming and they got the lifeboats first.

Everyman for himself.

Turn out the lights,.... the parties over.

The prophecy will come true "They'll be throwing money into the streets, their silver and gold will not save them

by Resistance on Tue, 07/12/2011 - 6:29pm

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