Why : Find out for yourself and check this out if you think it is not true:
If the banks ignore contract law, then the countries who support us, IE china, Russia and japan, WILL stop buying dollars. Infact, they will dump all their dollars and most likely discontinue trade with us. What will our nation do if the countries that produce 90% of our goods no longer sell us those goods? We can't make them, all our manufacturing went to china. Go to your bank and take out everything but enough to pay bills and convert that paper crap into bullion ASAP. The FDIC doesn't have to reimburse you for up to 99 years. Read the fine print, I did and I was angered by it. We're on the verge of an economic disaster that will shake the very foundations of everything we know and love in this country. We will be homeless and jobless on the land our forefathers fought to free. The expression "The Russians are comming the Russians are comming" could very well come true in the forseeable future. Don't think for a second that this "stimulus package" will help our nation. TPTB have to borrow that money from china and japan. What if they refuse and say "hey, we're done lending you money, go someplace else"? Then the jig will be up and no "stimulus package" will happen. Just my $.02