http://blog.lendingclub.com/2008/11/25/stockpiling-cash/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2008/11/25/stockpiling-cash/#comment-1186 Marc Tue, 25 Nov 2008 19:31:59 +0000 http://blog.lendingclub.com/?p=964#comment-1186 This sounds a lot like the Y2k literature of the late 90s. It's a valid point nonetheless. More important though, how much is our money really worth when institutions from finance all the way to the coffee people are going kaput? Compound that with personal savings being as low as they are and bailout-happy governments who haven't spoken much about new legislation to help prevent these market fiascoes. What is the true value of a paper dollar at this point? Perhaps we'll be lining up for turkey-flavored Soilent Green next thanksgiving. Ok, maybe my cheese is a bit off its cracker, but it doesn't seem like we can put our trust in anyone these days. This sounds a lot like the Y2k literature of the late 90s. It's a
valid point nonetheless. More important though, how much is our
money really worth when institutions from finance all the way to
the coffee people are going kaput? Compound that with personal
savings being as low as they are and bailout-happy governments who
haven't spoken much about new legislation to help prevent these
market fiascoes. What is the true value of a paper dollar at this
point? Perhaps we'll be lining up for turkey-flavored Soilent Green
next thanksgiving. Ok, maybe my cheese is a bit off its cracker,
but it doesn't seem like we can put our trust in anyone these days.

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