We are supposedly in the midst of recovery. So why would the following occur? On March 25, 2011, the International Monetary Fund activated a $580 billion crisis fund. Read it here. Also, why is the FDIC extending emergency insurance on bank accounts through the end of 2012? See it here.
When the weather is clear, you don't add storm watches and warnings unless you see a storm approaching. Nor should major banking institutions be adding programs to stabilize the financial system unless they see a significant probability of crisis and instability on the horizon.
This bit of news should be a warning. You need to have renewed vigilance in your financial affairs. If you haven't taken out insurance against the insolvency of the financial system (i.e. bought some physical gold and silver), I suggest you seriously consider it.
Acknowledgement: Jesse's Cafe Americain
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