Take your money OUT of the bank while you can...

Can anyone see what is going to happen next? Here in Kanada, a survey is being done to ask what amount you will be willing to take when (whoops...correction : he said "if") your bank goes belly up. The survey was about government bailout for fallen banks. They also want to know how long you would be willing to wait for your money. From his lingo he was saying that (this is what I hear anyway) they are looking to pay 10% of your funds over time. FROM MY PERSPECTIVE it sounds like they are putting feelers out there to find our if their bloody heads will be torn off. Me thinks yes! People have to live. I don't think the surveyor liked my answers. Meh! What do you hear and feel?
Sometimes it is not about what you hear, it is also what you don't hear. Do you get me?
In case you decide NOT to read the article take note that this information is dated TODAY: December 11, 2008 1:53pm EST ~ Maggie ~ December 11, 2008 @ 9:38 p.m. EST

http://www.reuters.com/article/InvestmentOutlook09/idUSTRE4BA5CO20081211

From the site: "Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt," said Rogers, who is now a private investor.

"What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the incompetent," (MY NOTE: This reminds me of Atlas Shurgged.) he said. "What's happening this time is that the government is taking the assets from the competent people and giving them to the incompetent people and saying, now you can compete with the competent people. It is horrible economics."

"Governments are making mistakes," he said. "They're saying to all the banks, you don't have to tell us your situation. You can continue to use your balance sheet that is phony.... All these guys are bankrupt, they're still worrying about their bonuses, they're still trying to pay their dividends, and the whole system is weakened."

Rogers said is investing in growth areas in China and Taiwan, in such areas as water treatment and agriculture, and recently bought positions in energy and agriculture indexes.