18th
X marks the spot
With the bankruptcy of yet another bank weighing heavily on my mind, I am considering (not seriously) about withdrawing all of my money out of the bank and burying coffee cans in my backyard. With interest rates so low my cash isn’t making any money anyway, this just seems like the wisest maneuver.
At the same time, being historically savvy I know that this could only make the bank situation worse. The better idea would be to let the government insure that my funds would be secure instead of transplanted by my dogs. But I’d really like to know where the government is getting all of the money to take over major corporations like AIG, and how long is this money going to hold out.
I’m not an economics wizard, but when you’re using money you don’t actually have, it seems like you are putting yourself in the same position people taking out sub-prime mortgages are in.
So instead, you’ll find me in the middle of my yard at midnight, shovel in hand. Seems a little isolationist, doesn’t it? This is why I’m not vying for a public service position.
