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Message:: [QUOTE="Harryj, post: 430997, member: 14623"]You may be correct, however if banks fail (keep in mind the FDIC only insures $100,000 of your banking assets) and the value of the dollar drops the domino effect begins. 1. banks fail, you lose your money. 2. The value of you money severely drops, money becomes worthless. My granfather lost EVERYTHING in the great depression and never trusted banks and the government thereafter. The same thing happened to my mom's family in europe during WW2. A wheelbarrow full of money wouldn't even buy a loaf of bread. I remember the gas crisis in the seventies, gas rationing and waiting in line at the pumps for several hours with dad to fill his tank. The US is owned by foreign investors, if the US enters a depression and the foriegn investors exit, the economy will drastically fall. Americans do not own the US anymore, foreign investors do. Ask the people who lost their ENTIRE NEST EGG in the recession in the late fall of 2001 how they feel. Many people lost everything they had invested. My dad personally lost $50,000.[/QUOTE]