"The Geithner-plan is a hare-brained plan, and is bound to fail.
When it does, . there will be a run on the banks. It will be ugly and unstoppable. Only about ten percent of the money supply is in the form of Federal Reserve (FR) notes, and people will be scrambling for them. The printing presses will be run 24 hours a day, seven days a week, and they will still not be able to meet the demand. Apparently, foreigners are already scrambling for FR notes. They could of course have FR deposits in the form of electronic money, but they wouldn't touch them with a ten-foot pole. They want dollars they can fold."
This article pretty much sums up why I am a scared person. It's probably a little too complicated for your average Joe to understand (let alone Joe Sixpack) but if you put some effort into understanding the article then you can be scared too!
And what really sucks is that such a bank run might not happen! If I knew for sure when and how the above scenario would unfold I could make a killing! But, dang it, I don't.
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Read Nano-Plasm - you know you want to.
© 2005-2009 Stephen Clarke-Willson, Ph.D. - All Rights Reserved.
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