How is our financial system sound when we just had a run on oneof the largest banks in the country(indymac)?

Question

Just like Bear Sterns we didn't even hear about the impending freddie Mac, Indymac situation until a couple of days before it happened. After these events how can the president look the AMerican people in the face and say our economy is sound, when we have the Mr.Bernanke saying we're in trouble?

http://news.yahoo.com/s/ap/20080715/ap_on_go_co/bernanke

Answer 1

To be honest- it's a rotten den of thieves built upon a shabby house of cards atop a festering cesspit of greed and complicity- underwritten by the Rothschild's, the Oppenheimer's, the Guggenheim's, Rockefeller's etc

The American economy WiLL nosedive- all non US nations are hedging in gold and metals like no tomorrow.

See the S**t start to really fly when China and Russia start worrying about a rapidly deflating dollar and sell of trillions of their held Treasury stocks and the Rothschilds' etc ask for their money back the US banks used to underwrite their questionable marginal credit-worthy loan scams.

Americas- I humbly and respectfully suggest- pull your money out of banks, electronic savings whatever and start hoarding cash, gold, jewellery and tradable items.