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Black monday coming up?

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shmokes:
You should just do like me and have no money.  Then you have nothing to worry about.  On the other hand, I'll be looking for my first job in a new industry.  Probably not the best time to be the guy in the workforce with no experience whatsoever.  Perhaps I should consider specializing in bankruptcy law.

ChadTower:

Brankrupty law or perhaps elder care law.  All these people losing their retirement savings are going to need help figuring out how to pay for nursing homes and medical expenses without leaving their kids a 6 figure debt.

ahofle:
If people are making runs on banks to the point that FDIC insurance becomes involved, we will have more to worry about than FDIC insurance.  For one, your money in there will be worth less than the paper its printed on since it's no longer backed by gold.

RayB:
You're a few decades behind the times Ahofle. There isn't enough gold on the planet to back all the money in american banks.

shardian:

--- Quote from: RayB on October 01, 2008, 04:43:58 pm ---You're a few decades behind the times Ahofle. There isn't enough gold on the planet to back all the money in american banks.



--- End quote ---

Back when our money was backed by gold, there really wasn't such a thing as a 'world economy'.

I would almost bet that bill gates has more money than Fort Knox.

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