Friday, March 6, 2009

FDIC Insured...for now.

Just a really quick blog, will post another tidbit later when I have more time. But this just crossed my desk, then my mind, and felt it bore some attention. It's now being suggested that the FDIC is close to being insolvent and that would mean that any money in the banks would NOT be Federally insured. (Although the Fed would probably suggest a bailout of some kind, entailing the printing of even more cash). If this happens, I'd recommend having all of your cash in hand, and if you haven't already; purchasing some gold, post haste.

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