stock market WILL collapse
disgusting

Cookeville, TN

#21 Oct 8, 2012
Truth FDIC wrote:
The Truth about FDIC!
FDIC for its insurance and the deposit is in fact guaranteed (up to $250,000 per DEPOSITOR
What you most likely did not know is how you get paid and when. You are covered up to this a certain amount but the time it takes to pay you.
The FDIC can take up to 99 years to pay (not a typo)! Based on the fact that if ANYTHING catastrophic was to occur financially, the FDIC will have time to pay. So if you expect immediate payment with a simple claim of lost funds from an FDIC insured product, you are sadly mistaken. The FDIC is also an INDEPENDENT AGENCY of the federal government. They receive no congressional appropriations (money) and it's fully funded by the premiums (payments) from banks and thrift institutions pay per deposit coverage as well as earnings from U.S. Treasuries. I’m willing to bet the majority of people are un-aware of this.
Your money is secure in the bank, however keep in mind should something happen FDIC has up to 99 years to pay you.
The Banks lie why don’t they tell us about the FDIC?
Wonder

Cookeville, TN

#22 Oct 8, 2012
Truth FDIC wrote:
The Truth about FDIC!
FDIC for its insurance and the deposit is in fact guaranteed (up to $250,000 per DEPOSITOR
What you most likely did not know is how you get paid and when. You are covered up to this a certain amount but the time it takes to pay you.
The FDIC can take up to 99 years to pay (not a typo)! Based on the fact that if ANYTHING catastrophic was to occur financially, the FDIC will have time to pay. So if you expect immediate payment with a simple claim of lost funds from an FDIC insured product, you are sadly mistaken. The FDIC is also an INDEPENDENT AGENCY of the federal government. They receive no congressional appropriations (money) and it's fully funded by the premiums (payments) from banks and thrift institutions pay per deposit coverage as well as earnings from U.S. Treasuries. I’m willing to bet the majority of people are un-aware of this.
Your money is secure in the bank, however keep in mind should something happen FDIC has up to 99 years to pay you.
It should be law that they tell us before we buy CD’s or put our money into the bank
What About

Cookeville, TN

#23 Oct 8, 2012
Old Vet wrote:
<quoted text>
My wife works in a local bank and told me about the FDIC and the 99years they have to pay those should something happens, I had no idea. With the QE-3 and The Fed putting money in our economy to keep stock market going,. I agree we will start to see huge inflation, due to the fed putting in the $40 billion monthly to keep the economy a float. we certainly live in uncertain times. Obama has done nothing but add to the $16,161,879,857,156.66 With Every man, woman and child in the US currently owing $53,195 for their share of the US public debt. I guess we now know the truth when he says our fair share.
Vote Romney and we will be ok
What About

Cookeville, TN

#24 Oct 8, 2012
Truth FDIC wrote:
The Truth about FDIC!
FDIC for its insurance and the deposit is in fact guaranteed (up to $250,000 per DEPOSITOR
What you most likely did not know is how you get paid and when. You are covered up to this a certain amount but the time it takes to pay you.
The FDIC can take up to 99 years to pay (not a typo)! Based on the fact that if ANYTHING catastrophic was to occur financially, the FDIC will have time to pay. So if you expect immediate payment with a simple claim of lost funds from an FDIC insured product, you are sadly mistaken. The FDIC is also an INDEPENDENT AGENCY of the federal government. They receive no congressional appropriations (money) and it's fully funded by the premiums (payments) from banks and thrift institutions pay per deposit coverage as well as earnings from U.S. Treasuries. I’m willing to bet the majority of people are un-aware of this.
Your money is secure in the bank, however keep in mind should something happen FDIC has up to 99 years to pay you.
I have a friend that works at First Tennessee that told me about the FDIC rule she said they wasn’t suppose to tell customers that sucks
NAPM

Cookeville, TN

#25 Oct 8, 2012
What could anyone expect? Obama has nothing good for our country
question

United States

#26 Oct 8, 2012
NAPM wrote:
What could anyone expect? Obama has nothing good for our country
Did Obama begin this FDIC lie of taking 99 years to repay a customer? Just asking.
Vote for Romney

Cookeville, TN

#27 Oct 8, 2012
Want change? Want to save our country ? Vote for Romney!!
question

United States

#28 Oct 9, 2012
Still asking and no answer yet.
simple

Cookeville, TN

#30 Oct 9, 2012
NO the FDIC TRUTH is they have up to 99 years to pay you should something happen in the banking system. They sure as hell don’t wont to loose money or commission, therefore they wont tell you this.
This is why people like myself and others are taking our money out to reinvest in something secured.
David

Cookeville, TN

#31 Oct 10, 2012
99 years !!! if I want my money out of the bank I want it then. So in other words FDIC is worthless if something happens in the banking system. I guess I’ll take my money out this week!!! Screw that BS!!
Nance R

Cookeville, TN

#32 Oct 11, 2012
Truth FDIC wrote:
The Truth about FDIC!
FDIC for its insurance and the deposit is in fact guaranteed (up to $250,000 per DEPOSITOR
What you most likely did not know is how you get paid and when. You are covered up to this a certain amount but the time it takes to pay you.
The FDIC can take up to 99 years to pay (not a typo)! Based on the fact that if ANYTHING catastrophic was to occur financially, the FDIC will have time to pay. So if you expect immediate payment with a simple claim of lost funds from an FDIC insured product, you are sadly mistaken. The FDIC is also an INDEPENDENT AGENCY of the federal government. They receive no congressional appropriations (money) and it's fully funded by the premiums (payments) from banks and thrift institutions pay per deposit coverage as well as earnings from U.S. Treasuries. I’m willing to bet the majority of people are un-aware of this.
Your money is secure in the bank, however keep in mind should something happen FDIC has up to 99 years to pay you.
Very good information to know I will share this with friends at our next meeting . Thanks
doc holiday

Cookeville, TN

#33 Oct 12, 2012
Considering our US National Debt is $16,169,066,647,964 and debt per tax payer $141,209 , doesn’t look very promising for our country and our children’s future .
NAPM

Cookeville, TN

#35 Oct 12, 2012
United States Economy Collapsing - Federal Reserve Explained
&fe ature=colike

Over 90% of America did not want to passage of HR3997. The US Congress was held at "Executive Gun Point" and told: "you either pass this bill or we will declare martial law."

The most painful part of HR3997 is the shift in the final bill. What was the shift? Unbeknownst to the American people, however, is that since September 20th, the $700 billion bailout bill signed into law by their President yesterday was expanded from its original 3 pages to a 451 page virtual novel of new laws virtually enslaving them to the foreign holders of their debt.

In addition, there are reports circulating in the Kremlin today are stating that the first deployment of Chinas elite People's Armed Police (PAP) under an agreement signed between the United States and China, and US Homeowners Soon To Be Evicted By Chinese Police Under New Law HR3997.

Even more disturbing, these reports continue, are that these new laws not only give Chinese and European banks control over the mortgage debt of the American people, they now include their credit card balances, and which virtually the entire US populace have indebtedness to.

To how utterly chilling this new US law for the American people, titled the Emergency Economic Stabilization Act of 2008, Russian legal experts point out in these reports that:

Section 101 (a)(1) establishes what is termed the Troubled Asset Relief Program (TARP) to which substantial portions of what the American people currently owe to their banks and financial institutions is to be turned over the US Government for redistribution to foreign banks.

Section 101(c)(3) Designates for the first time in American history these foreign banks as financial agents of Federal Government with full law enforcement authority over the citizens in the US.

Section 3 (b) allows the US Secretary of the Treasury to put any kind of debt, including credit card, home loans, personal loans, automobile loans, etc., into the TARP programme.

Section 112 allows the US Secretary of the Treasury to astoundingly extend financing to foreign banks to purchase the debt of the American people.

Section 112 (1)(a) allows the US Government to hold stocks in companies for the first time in their history and which completely destroys the capitalist economy of their Nation.

Section 119 (2)(a) gives the US Secretary of the Treasury dictatorial powers not reviewable by courts making this position the most powerful one in America.

Section 122 increases the US public debt to the incredible amount of $11,315,000,000,000 (Trillion)

Section 204 puts the United States under emergency economic rule and states, "all provisions of this Act are designated as an emergency requirement and necessary to meet emergency needs.
Norm

Cookeville, TN

#36 Oct 13, 2012
The truth wrote:
I replied to a poster on a topic, who felt that our economy was doing great, based on the stock market. I replied to him with this same message, and thought I would share this with others.
Billionaires, such as Warren Buffett Despite the 6.5% stock market rally over the last three months, are quietly dumping their American stocks ... and fast
Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel
Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.
Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.
It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%…Yes This is comming
It starts with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy.
“These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,”..Unlike we have ever seen.
“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market WILL collapse as a consequence of these other problems.”
I will post about the FDIC latter on, most people are under the false Assumption that their money in the bank is safe….
There’s no doubt about it if we don’t get Romney elected someone with a plan to fix the economy instead of causing it to go broke . Stimulus plans Obama came out with helped the rich a lot more then it helped The poor people that was in need.
well jimmy

Jamestown, TN

#37 Oct 13, 2012
jimmy wrote:
wowwow <Uneducated Tennessean
Since you're for obama, that proves you must be one of those educated idiots.
RU even serious

Cookeville, TN

#38 Oct 13, 2012
question wrote:
Still asking and no answer yet.
I doubt you will get a answer to a stupid question Teddy Bonkers !!
Typical Democrat

Cookeville, TN

#39 Oct 13, 2012
The democrats have the same mind set, when they are wrong they lie and do their best to distract the truth when it’s being told. We saw that in the last debate and you see it on here with the silly topix posts
Doomsday

Tullahoma, TN

#40 Oct 13, 2012
No way the market makes a 90% correction. But if it does, I'll just ride it out AND buy a WHOLE BUNCH MORE while they're at the bargain rate. So bring it on! And make me a millionaire in 10 years.
hello

United States

#41 Oct 13, 2012
RU even serious wrote:
<quoted text>I doubt you will get a answer to a stupid question Teddy Bonkers !!
That's because no one has the gonado say Obama isn't responsible for the FDIC. It's been in place for years. But if everyone loses their money Romney will protect us. He has plenty and he will share it with all of us little people. That's why I'm voting for him!
I can say it but

Maryville, TN

#42 Oct 13, 2012
Obama has been in office long enough to do something about the FDIC. I’m voting for Romney and hope he address this issue, since Obama hasn’t.
One of the problems I have with Obama he does the opposite of what he says he will do.
I think when he took office he made a lot of new friends in the big banking world, and he is out to take care of them first.
The whole cover up with fast and furious, our US Embassy being attacked on 911, This new tax where they will start to fine people if they don’t buy health care insurance, This is going to hurt people with low incomes Obama is too shady.

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