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Wednesday, December 03rd, 2008

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Is Your Money Safe in the US Banking System?

Jul 21st, 2008 | By Eric Roseman | Category: Featured, Financial News

British readers may see parallels between the collapse of US lender IndyMac (NYSE:IMB) and Britain’s Northern Rock (PINK:NHRKF), which failed last September.

Commodity Trend Alert editor Eric Roseman is issuing a stark warning: Your bank could be next.

If you have money in the US banking system, he recommends you put it instead in Treasury bills or exchange traded funds (ETFs) that invest in short-term Treasury securities like SHV or SHY.

Tags: Downturn Strategy, Eric Roseman, Global Inflation, Global Recession, IMB, NHRKF, SHV, SHY, Treasury Bonds, US Banking, Vanguard Group
Posted in Featured, Financial News | Comments2008-07-21+12%3A20%3A29Eric+Roseman

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