“…..for real estate. It will continue downward. Families’ net worth will continue to fall. There will be deals. Commercial rents will continue to fall. There will be deals. Small local banks will continue to go belly-up. There will be deals . . . for big banks.
That is the goal of the Federal Reserve System: to create deals for big banks at the expense of little banks. It always has been. The FED is not about to change at this late date.
Small bank managers are scared. They should be.
How about you? Do you think the fractional reserve banking system is on your side? Do you think fiat money is productive capital? Do you think you will retire in comfort, based on government promises? Do you think you’re in good hands with Big State? If so, sit tight. Do nothing new. Just keep repeating Ben Bernanke’s mantra.
“What, me worry?”"
Filed under: Articles of Interest, Banking Concerns, Think for yourself | Tagged: Big Banks vs Little Banks | Leave a Comment »
