purplemicro blogspot.com

The Gentle Bludgeoning

Wednesday, March 11, 2009. The CDIC claims that they will insure your saving for up to 100, 000. Thats all fine and dandy, but consider what happens if the CDIC goes bankrupt; how on earth can they honor this claim if theres major bank failure? Even if theyre not bankrupt, what will likely happen is that when there is a bank failure, the dollar will only be worth about 5 of its normal value so in essence, youre only going to get about 2000 dollars on your 100, 000 dollar savings. One thing the RI.

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The Gentle Bludgeoning

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Wednesday, March 11, 2009. The CDIC claims that they will insure your saving for up to 100, 000. Thats all fine and dandy, but consider what happens if the CDIC goes bankrupt; how on earth can they honor this claim if theres major bank failure? Even if theyre not bankrupt, what will likely happen is that when there is a bank failure, the dollar will only be worth about 5 of its normal value so in essence, youre only going to get about 2000 dollars on your 100, 000 dollar savings. One thing the RI.

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This web page purplemicro.blogspot.com states the following, "Wednesday, March 11, 2009." We saw that the webpage said " The CDIC claims that they will insure your saving for up to 100, 000." It also said " Thats all fine and dandy, but consider what happens if the CDIC goes bankrupt; how on earth can they honor this claim if theres major bank failure? Even if theyre not bankrupt, what will likely happen is that when there is a bank failure, the dollar will only be worth about 5 of its normal value so in essence, youre only going to get about 2000 dollars on your 100, 000 dollar savings."

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