ChrisC: So, if an '08 style banking collapse happens, which we are most assuredly at the doorstep of, you think Trump or Congress will say here is 20 Trillion to resolve the issue, see you in another decade for 200 Trillion?
Understand that we are not talking about millions or billions to settle their debt. We should all pray that they don't choose to do that because we will be on the hook for debt that we can't imagine.
What I hope is that they fail, Trump steps in and nationalizes them, we go to the bank and the only one crying is the banksters.
BillA: It would be political suicide if the banking system collapsed right at this time and IMO they all know it including President Trump. You should also choose your bank wisely. Look for a bank with little to 0 Derivative debt.Read More