Sinclair: “Let’s just suggest that an entity has a significant amount of money in two or three different banks well above the basic guarantee. That entity is going look to move that money out of the banks and into something solid. The reason for that is they don’t want anybody taking all of that money, or even a haircut of it because the banks in fact have not run their business correctly.
What happened today is one bank was not saved because it was ‘too crooked to save.’ Now, how can you rely on ‘too big to fail’ when we know all of the big banks are crooked? How do we know that ‘too big to fail’ cannot be changed to ‘too crooked to save?’”
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.