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American banks not accpting american dollars.

Posted: Sun Feb 05, 2012 12:30 pm
by Rudy Peña

Re: American banks not accpting american dollars.

Posted: Sun Feb 05, 2012 12:42 pm
by Juliette
But entirely logical.

Re: American banks not accpting american dollars.

Posted: Sun Feb 05, 2012 12:49 pm
by Rudy Peña
Julietta Putina wrote:But entirely logical.

How is it logical?

Re: American banks not accpting american dollars.

Posted: Sun Feb 05, 2012 12:56 pm
by Juliette
Loaning money to America is like throwing money in a wishing well.
As a consequence, American debt paper, the dollar, is worthless.

If I were an American bank, I would hoard gold and platinum instead.

Re: American banks not accpting american dollars.

Posted: Sun Feb 05, 2012 1:01 pm
by Rudy Peña
Julietta Putina wrote:Loaning money to America is like throwing money in a wishing well.
As a consequence, American debt paper, the dollar, is worthless.

If I were an American bank, I would hoard gold and platinum instead.

Ah, ok. :-)

Re: American banks not accpting american dollars.

Posted: Mon Feb 06, 2012 12:13 am
by [KMA]Avenger
Julietta Putina wrote:Loaning money to America is like throwing money in a wishing well.
As a consequence, American debt paper, the dollar, is worthless.

If I were an American bank, I would hoard gold and platinum instead.



Not just American banks, nearly everyone is buying Gold. as you well know, the reasons you state here are why Gold is going through the roof and will continue to do so....


Anyone remember my banking thread a few years ago when gold was $850 an ounce (or there abouts)?