CBS: Is Your Bank At Risk [video]

"So what I know your thinking right now, is your bank at risk?"

The FDIC says that IndyMac Bank represents less than 0.2% of banks or 1 out of 8500. However, the FDIC may spend up to $8 billion to save IndyMac, which represents 15% of their assets ($52 billion). That means they could only save approximately 6 more banks the size of IndyMac.

"The crisis is getting worse." - Vera Gibbons, Financial Analyst (CBS)

"If I have money in the bank, should I be thinking about moving it?" - CBS Anchor



Learn about the theory of economic integration, fractional reserve banking and military Keynesianism. Debasement and eventual abolishment of the US dollar advances economic integration, which drives economic growth.

As the CFR says, we must "abandon monetary nationalism" and "abolish unwanted currencies" to "globalize safely". This creates an obvious conflict of interest with the allegedly non-political Federal Reserve, since for example the CFR's Think Tank is called the David Rockefeller Studies Program and the CFR's NYC headquarters is a former Standard Oil executive's residence.

Since the FED is owned by the banks in the 12 districts, David Rockefeller is partial owner along with many Europeans. Before we can achieve World Bank advisor Béla Balassa's 6th phase of complete economic integration (e.g. Brussels' failed Treaty of Lisbon) we must accomplish the 5th phase, an economic and monetary union (e.g. the Eurozone). Debasing our currency, opening our boarders and passing corporate managed "free" trade agreements (phases 1 and 2) promotes economic integration.

Ron Paul is one of the few Congressman who understand these economic philosophies. Ron Paul is the only one on Capitol Hill that's predicted our current financial crisis. Regardless of your views on foreign policy, the federal government, the Federal Reserve and the Congress need to be listening to Ron Paul.

Here's a list of current, proposed and defunct monetary unions:

Current

• The largest economic and monetary union at present is the Eurozone. The Eurozone consists of the European Union member states that have completed the third stage of the EMU by adopting the Euro. Some non-EU members have also adopted the Euro, but they are not part of this EMU. See also the Benelux union of Belgium, the Netherlands and Luxembourg which pre-dates the European Union and continues to exist alongside it.

Proposed

• Economic and monetary union of the Caribbean Community
• Economic and monetary union of the Economic Community of West African States (ECOWAS)
• Economic and monetary union of the East African Community (EAC), due in 2009
• Economic and monetary union of the Gulf Cooperation Council (GCC), due in 2010
• Economic and monetary union of the Southern African Development Community (SADC), due in 2016
• Economic and monetary union of the Union of South American Nations (Unasur or Unasul*), due in 2019.
• Economic and monetary union of the South Asian Association for Regional Cooperation, due 2016
• Economic and monetary union of the African Economic Community (AEC), due in 2028
• Economic and monetary union of the North American Union

Defunct:

• The Belgium-Luxembourg Economic Union has been in place since 1921, though it has largely been subsumed by Benelux and the Eurozone.