tigisit

Is the U.S. Banking System Safe?

Jackal, What the per capita debt level in Oct 1929 is irrelevant. Know that the government will not be able to afford to infuse $$ into the ecconomy in the not to distant future. That is the variable that, seems, no one is factoring in their analysis

Is the U.S. Banking System Safe?

While I concur on the facts of the article, the tone has a Chicken Little feel to it. Our destruction is not at hand yet.
Since time began if anybody makes money, banks make money which assures their survival. Our destruction happens when Our government pays for promises made in 25-35 years.