See on Scoop.it – Politics and Business
US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system hasn’t seen such a massive fund outflow since 9/11 attacks.
Dave Cottrell’s insight:
Make no mistake and do not believe the Wall Street and Bay Street bankers who have a vested interest in telling everybody everything is just peachy. The word economy is a mess, and the US and Canadian economies are not immune. The only problem with withdrawing your money from your bank is that, in the end, it is just… well… paper…