FDIC

Crumbling Fractional Reserve Bank

Is this the End of Fractional Reserve Banking?

In the following article Douglas French looks at the shaky Fractional Reserve Banking system that has been around since it was created by the Banking Act of 1933 (aka. the Glass-Steagall Act), which also created the Federal Deposit Insurance Corporation (FDIC). Will Fractional Reserve Banking survive to celebrate its Centennial anniversary?  Recent trends in Idaho (of all places) could spell the end of fractional reserve banking (but not the FED).

Is this the End of Fractional Reserve Banking? Read More »

Bank Safety

Bank Safety: How to Protect Your Cash in Times of Crisis

Do you really want the bulk of your life savings sitting with one company? What if they go belly-up? Can you afford to have a major portion of your nest egg tied up for months while the FDIC and/or the SIPC tries to sort things out?  FDIC and SIPC insurance tends to lull us into a sense of complacency… no worries… the Government will protect us. Or will they? What about Cyprus? We know they will protect the big banksters… but will they actually protect the little guy like you and me? In today’s article Dennis Miller of Casey Research looks at the steps that every investor needs to take now to protect themselves.

Bank Safety: How to Protect Your Cash in Times of Crisis Read More »

Scroll to Top