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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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UBS to takeover Credit Suisse as the 8 Trillion dollar Swiss Banking industry consolidates
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Poster Handle
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FHL(C) |
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Post Content
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All banks are in trouble. There is only $2 trillion of US currency in circulation in the entire world. Supposedly there is $22 trillion in US deposits. Do the math people. Less than 10% will be able to get cash out of the bank.
Quoting: Anonymous Coward 80578546 That explains an interesting issue. The Fed gambling with 2 trillion electronically each day. Basically it means something similar to what they do with gold and silver and paper gold and silver. Except that physical usd and coin has far less value than precious metals. I wonder who set that limit. There are lots of financial scam secrets coming out here
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