Chart usGOLD   Chart usSILVER  
 
Food for thought
To know how to wait. It is the great secret to success
Joseph de Maistre  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1310.176.35
Silver 20.760.22
Platinum 1486.202.95
Palladium 882.734.98
WORLD MARKETS
DOWJONES 1698326
NASDAQ 4445-5
NIKKEI 1561889
ASX 558111
CAC 40 4335-10
DAX 9581-17
HUI 2432
XAU 1021
CURRENCIES (€)
AUS $ 1.4299
CAN $ 1.4523
US $ 1.3438
GBP (£) 0.7908
Sw Fr 1.2148
YEN 136.9510
CURRENCIES ($)
AUS $ 1.0641
CAN $ 1.0807
Euro 0.7442
GBP (£) 0.5886
Sw Fr 0.9040
YEN 101.9110
RATIOS & INDEXES
Gold / Silver63.11
Gold / Oil12.90
Dowjones / Gold12.96
COMMODITIES
Copper 3.24-0.01
WTI Oil 101.53-0.14
Nat. Gas 3.770.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
About that FDIC Controversy, and Some Other Internet Rumours
Published : February 19th, 2013
428 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   None | Real Estate |

I answered a few emails on this a week or so ago, but the issue seems to have come back again.

There was a change in the aggregation of accounts at the FDIC as of 31 Dec 2012. That change rolled back a consideration that had been granted for 'non-interest bearing transactional accounts' held at a bank. Such an account is what is normally considered a checking account. Those were to be aggregated with the other accounts of the account holder.

But in terms of aggregation, nothing else changed. Some people said the rule would aggregate ALL accounts at ALL banks to a single Social Security number in the amount of $250,000.

This is not what the FDIC said, not at all.  And there updated information from 1 January 2013 confirms this.

The aggregation rules are still based on a 'per bank' basis. And within that bank, those rules are roughly as follows per the FDIC's webpage.

I do not know the future. And some times I am sure I get some things wrong, and seek to correct them when I do.   Some will ask, 'well do you trust the ....?'    Perhaps not, but there is a wide gap between blind trust and just making things up,  citing other people who are just making things up because it suits their biases as proof.   And it is there that we must make our stand, on as firm a ground as we can find.

There are legitimate concerns, and fears, and phantoms.   The difference between the first two is the difference between probability and possibility.  And with regard to the last, it is a terror of the imagination that is inimical to reason and to a rewarding life and the refuge of despair.

We entering a time of rumour and hysteria. I have been hearing some rather crazy things, about the Mormons buying up all the real estate of California, and the Queen of England buying up Nevada.  And some other things I do not care to even mention in this Café, from the usual repugnant sources of fear and hatred and violence about the usual victims of prejudice. 

Because to do that is not to stand with the truth as we can know it, even if we think we are wallowing with those in the mud for 'the right ends' and things we may sincerely believe.   That merely serves the madness, which serves none but itself.  

If hatred and fear crowd out the reason, and love, in our words and our minds, we have probably gone off the path.




Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
7/29/2014
7/28/2014
7/28/2014
7/28/2014
7/28/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer