WARNING - BANK SHUTDOWN MAY BE COMING
Okay, this comes from one of "our" people, and we do have a tendency to overreact and fly off the handle. I'd be happier if it came from a so-called legitimate source, but then almost by definition a legitimate source is going to be in the pockets of the people who are destroying us and wouldn't give us any warning, so that's not really practical. And I have to say, this does make a certain amount of horrible sense.
"Reliable word that Bank of America branch managers just received a letter or memo from the Federal Reserve instructing them to perhaps be ready for a one-week universal shut-down of the banking system, including access to checking accounts, savings accounts and credit cards. Reliable word has it that B of A bank branches received a shipment of signs last week, reading 'We're sorry, but due to circumstances beyond our control, we cannot open for business at this time.'
"This raises the likelihood of a 'bank holiday' coming soon. It would be wise to have some cash around because checks, credit cards, CDs don't work when the banks are closed. If you have CDs it might be worthwhile to cash them even though there is a penalty. "
I don't know if I'd go quite that far, but folks, none of us seem to have quite wrapped our minds yet around just how bad this financial collapse is going to be and what life is going to be like a year from now. It's really weird--the whole system is crashing and burning, and we're still glued to Nancy Grace and Dancing With The Stars. Way, way bizarre, man.