Time to Run the Bank?!
Alternate Title: CRISIS AFTER CRISIS: Don’t Fear the Reaper
With nationalization of half of our nation’s mortgages, failure of decade old banks, a housing crisis, a food crisis, an oil crisis and a bee crisis, it seems like we have pretty much exhausted the list of things that can go wrong with today’s world.
Scary statements from former federal reserve Chairman Alan Greenspan certainly raise ears:
I can’t believe we could have a once-in-a-century type of financial crisis without a significant impact on the real economy globally, and I think that indeed is what is in the process of occurring.
But, Alan, what about the bees and the food? It’s like we have a crisis Megatron sitting right here in the dear old USA and we don’t recognize it because it’s all broken and fragmented. Wait until it forms into battle mode! Do we have any idea when it will be over? No. Do you? Would you consider making a “run” on the bank if your bank was expected to go bankrupt? We know several people who have been checking their deposits and moving cash around in case of impending doom.
All of us crazies running to the bank might cause a little havoc. We haven’t seen it in Virginia yet, but trust us, one of the VA banks is going to die in the near future. Who will it be? Are you scared?
Picture from hans s.
Popularity: 18% [?]
