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4 votes

What Is Backing Your Deposits in the Bank?

What Is Backing Your Deposits in the Bank?

December 9, 2011

By Elliott Wave International

Is the bank really the safest place to keep your money? Robert Prechter joins the Mind of Money host Douglass Lodmell to discuss what backs bank deposits and how you can keep your hard-earned money safe.

We invite you to watch the interview below. Then read Robert Prechter's free report, Discover the Top 100 Safest U.S. Banks.

What is the best course of action to safeguard your money?

Read our free 10-page report, Discover the Top 100 Safest U.S. Banks, to learn:

  • The 5 major conditions at many banks that pose a danger to your money.
  • The top two safest banks in your state.
  • Bob Prechter's recommendations for finding a safe bank.
  • And more!

Download your free report, Discover the Top 100 Safest U.S. Banks, now.

This article was syndicated by Elliott Wave International and was originally published under the headline What Is Backing Your Deposits in the Bank?. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

42 votes

What Daily Paulers Are Reading - Top 10 List

The Daily Paul participates in Amazon.com's affiliate program, meaning the DP receives a 4 ~ 7% commission on Amazon.com product referrals. If you shop regularly at Amazon, please consider using one of the DP's Amazon gateways to help out the site -- at no cost to you. The easiest access is via the Amazon link on the main blue menu navigation bar above.

In honor of the holiday season, I've compiled a list of the top ten selling books for 2011 via the DP on Amazon.  And since it is interesting, I've also assembled the complete list of all books purchased by DPers this year! I hope this will inspire you in your holiday shopping. Don't forget, Amazon is more than just books. Again, any purchases made at Amazon using the below links as an entry point to Amazon will benefit the Daily Paul - at no cost to you.

Thank you for your continued support of Liberty!

Michael Nystrom

And now, without further ado:

Top 10 Sellers on the Daily Paul:

  1. Liberty Defined: 50 Essential Issues That Affect Our Freedom
  2. The Revolution: A Manifesto
  3. 63 Documents the Government Doesn't Want You to Read
  4. End The Fed
  5. Rollback: Repealing Big Government Before the Coming Fiscal Collapse
  6. It Is Dangerous to Be Right When the Government Is Wrong: The Case for Personal Freedom
  7. Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
  8. A Foreign Policy of Freedom: Peace, Commerce, and Honest Friendship
  9. Nullification: How to Resist Federal Tyranny in the 21st Century
  10. Atlas Shrugged

The Entire List:

61 votes


An oldie, but a goodie. Remember this? It still cracks me up.


It already seems so long ago. When did all that Charlie Sheen crap go down? How many months ago was that? They all meld together now and I lose track.

But the point of entertaining you with the above video is this little statistic: 33,488,641 views.

Hey Ron Paul video folks! Where is our truly original Ron Paul video that will go seriously viral? As in 33 million views viral? We haven't seen anything close to that yet.

0 votes


Ron Paul

Currently 558 followers, as of May 4, 2011

Please join, invite your friends and help spread the word on Twitter!


0 votes


Currently 8,419 members, as of April 25.

Please join, invite your friends and help spread the word on Facebook!


0 votes

Awesome picture of my friend Bob Dwyer

Who organized the last couple Official Boston Tea Parties, in Boston.

This picture from Bob's profile on Facebook.

Bob, Patriot, you're the best! Great picture. I love that smile!

0 votes

FOX NEWS Really Knows How to Keep the Troops Moving Along!

They've now got strict criteria as to who can participate in their May 5 debate. As such, they're forcing all the candidates' hands.

They're excellent at controlling the narrative. Remember this?


"Move along folks - we're not going to solve this problem tonight (at least not before the next commercial break) - and it's not important anyway. Let's move along to the next question.

0 votes

Picture: Inflation Remains Low

Who are you going to believe, the Federal Reserve or your lying eyes?

0 votes

GM Seeks to Fine Toyota $16.4 Million

"Reading between the lines" is not a skill taught in government controlled U.S. schools. But talk to people who grew up in totalitarian societies, such as Soviet era Eastern Bloc countries, or communist China, and you learn that the educated classes there were quite skilled in it. In a society in which industry and the press were controlled by the government, they had to be.

1 vote

Low Expectations

Like everyone else, I started today deeply disappointed by Debra Medina's loss this week in the Texas Governor's race. Disappointed, but not crushed, for we are making great progress.

In the 2008 presidential campaign, I expected Ron Paul to either win New Hampshire or at least come in second. There is filmic record of me saying this, in the documentary For Liberty. When I watch this now, and see myself on my TV in my own living room - a slightly younger, slimmer, and shorter-haired version of myself - I think, "Naïve boy. So earnest. So naïve." I can see that I was a different person then than I am now.

Ron Paul came in fifth in New Hampshire. I was emotionally crushed, even though he got about as many votes as the polls predicted he would. As MLK said, "there can be no deep disappointment where there is not deep love." Disappointment is one thing, but emotional devastation is another. Ron Paul told me a secret about how to avoid it, which I've written about before, but I'll repeat it again here.

0 votes

For Liberty - Review

By Michael Nystrom | December 2, 2009

It's hard to believe that it is almost three years since the beginning of the Ron Paul Revolution. Back in late 2006, when rumors began circulating online of his potential presidential candidacy, Ron Paul was not even a blip on the national mainstream media radar. The events that would transpire over the next three years would catapult him to national fame, casting a global spotlight on his never-ending campaign for Liberty.

Chris Rye and Corey Kealiher have done a tremendous service for us all with their documentary For Liberty: How the Ron Paul Revolution Watered the Withered Tree of Liberty. Not only is it a wonderful memento for all of us who were involved in the campaign, but it serves as an exceptional teaching tool for those who still don't get it about Ron Paul, especially those who may call themselves Republicans. In fact, at the recent West Coast premier of the film, many such Republicans had their first taste of who Ron Paul really is and what he stands for. One audience member had this to say:

I enjoyed the movie, and find it hard to believe that Republicans so marginalized Ron Paul during his candidacy. Quite simply, he is promoting that we get back to the basics of following the Constitution and principles on which this country was founded. That should be embraced, not rejected.

Comments such as this are typical from Republicans, and For Liberty shows us why: From the beginning, the Ron Paul campaign was ignored, ridiculed and marginalized by the mainstream media. But this is not the story of the film; it is only the beginning. The real story is about Ron Paul's message, why it resonated with millions of Americans across the political spectrum, how the mainstream media attempted to silence it, and what his millions-strong army of supporters did in response during the 2008 presidential campaign.

The film takes the form of a documentary, told by the activists who were instrumental in the movement, including exclusive interview excerpts of Dr. Paul himself. In a candid moment early in the film, Dr. Paul explains how he was the most reluctant person to get involved in the race, cataloging the litany of arguments that ran through his head:

I was the most hesitant to get involved - the time isn't right, people haven't heard about this, I'm not the right guy, we need more education…because I believe that ideas move the country, not individuals - unless they're in the right place at the right time.

0 votes

Greetings from Taiwan

Hi Friends. I'm still in Taiwan. It has been a very busy trip, and I want to thank the fabulous DP mod squad for keeping things up around here while I've been away. I lived in Taiwan for two years, from 2003 - 2005. I didn't know a thing about this place before I came, but it is a place that I have grown to love very much. The people are kind and friendly, and I dare say it is freer than the US in many ways. (See pictures of the free market below). No airport searches, no taking shoes off before boarding planes. On my flight here, just before I got on the plane in San Francisco -- just as I was about to go down the tunnel to -- AFTER I'd already been searched inside out and upside down, shoes off and everything -- I got stopped again and had my bags pawed through.

The days here have been full visiting friends and family, so I haven't had much time to write, though I have seen so much. I thought I'd start by sharing some photos, and filling in the details when I get more time.

Taiwan is a modern country. It is the third largest buyer of US debt, behind China (Taiwan is NOT China! - more on that later) and Japan. Here are some photos that show what a frugal country this is:

Here is a traditional, free market in Taiwan. This is just about 5 minutes from my mother-in-law's house, on the outskirts of Taipei city:

1 vote

Russian Professor Predicts End of U.S. (WSJ)


MOSCOW -- For a decade, Russian academic Igor Panarin has been predicting the U.S. will fall apart in 2010. For most of that time, he admits, few took his argument -- that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S. -- very seriously. Now he's found an eager audience: Russian state media.

In recent weeks, he's been interviewed as much as twice a day about his predictions. "It's a record," says Prof. Panarin. "But I think the attention is going to grow even stronger."

Prof. Panarin, 50 years old, is not a fringe figure. A former KGB analyst, he is dean of the Russian Foreign Ministry's academy for future diplomats. He is invited to Kremlin receptions, lectures students, publishes books, and appears in the media as an expert on U.S.-Russia relations.

But it's his bleak forecast for the U.S. that is music to the ears of the Kremlin, which in recent years has blamed Washington for everything from instability in the Middle East to the global financial crisis. Mr. Panarin's views also fit neatly with the Kremlin's narrative that Russia is returning to its rightful place on the world stage after the weakness of the 1990s, when many feared that the country would go economically and politically bankrupt and break into separate territories.

Continue at the Wall Street Journal

0 votes

Greece: 5th Day of Riots; General Strike; Chaos

  • Fifth Day of Rioting
  • Athens international airport closed
  • Athens bus, metro and suburban train systems disrupted
  • Teachers, journalists, bank clerks and public sector workers also expected to strike

Check out the videos here from BBC News for a graphic account of what the breakdown of civilization looks like.

Like I said, this is a preview of what will be coming our way, and there is little we can do about it. The events have already been set into motion. The only, and the most important thing you can control, is who you will be through it all. Not how you will respond, who you will be.

For more on this, see Man's Search for Meaning, by Viktor Frankl.

This will not be the end of the world, though it may feel like it as we're living through it. It is not.

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