- Money markets comprise some $3.3 trillion of American's savings. About 20% of that is by individuals, the balance institutional.
- MMs are supersafe investments; high-grade, bulletproof, Fortune 500, yada-yada. For that reason, they return low interest; scant risk.
- MMs pose a threat to our fiscal stability as our fiat government is bankrupt. The shark moves as it must, but the harpoon is lodged deep.
- The threat is that MMs currently can, after their maturation date (90-day, etc), be legally withdrawn; instantly and upon demand.
- In the event of obvious signs that the U.S.'s Potemkin economy is coming asunder, MMs could pursue a run on the banks.
- Other than the drama of a FDR-style "bank holiday," the best way to estop such action is to bar the withdrawal of funds.
- The writer suggests that, if you own any MMs, you begin thinking about where else to park your bucks.
Nigel Watson freethinker 727.493.1990 freesense@Gmail.com
"It is no measure of health to be well adjusted to a profoundly sick society." – Krishnamurti
-A good pun is its own reword.