Now You Can Panic: Economist Withdraws All of His Money from Bank of America
Care to start a bank run?
Uh, no, that’s illegal. But according to an economist at the same school our Illegal Alien in Chief attended, Harvard University, it might be wise to do so. The PBS article from yesterday should cause everyone to take a moment and pause to reflect:I have wondered for quite a while how people can justify having "money in the bank" when their savings actually are LOSING money to inflation and ridiculously low interest rates...
Pulled out my IRAs, etc. back when I was unemployed - and rumors of Jugears seizing retirement funds were going around.
When it happens, it's going to be NASTY. Get ready.
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