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[paxamicus AT earthlink.net]

The bank runs have already begun. Indie Mac, anybody?


> What did people think before banks failed in the Great Depression?  
> What are
> we thinking now as major banks begin to fail (or get propped up by  
> borrowing
> millions and billions)?
>
> I, too, am trying to find a peaceful middle ground.
>
> I have one friend who is very 'out there.' He says to prepare for  
> martial
> law when bank runs begin and the FDIC runs out of reserves. He also  
> thinks
> the power grid is going down as Peak Oil deal kicks in, he is  
> basically
> forecasting world collapse. Doesn't sound like much fun.
>
> Then I have other friends (and much family) who are sure we'll find  
> more oil
> and that the government will fix everything including the big, fat  
> financial
> mess. It seems that 80% of the people I know (or conversations  
> overheard in
> public if the subject arises) fall into this category.
>
> For some reason, this time around, I think my one lonely oddball  
> 'out there'
> friend might be closer to the truth than the majority of the people  
> who
> assume that all will be well. Still, I hope that he--and whatever it  
> is that
> happens--is a long way off. But I can't help but feel that it might  
> be upon
> us sooner than we think.
>
> Does that make me one of those oddball loonies? I hope not.
>
> Lisa
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