March 9, 2009

Should You Be Stockpiling Food? How do you stockpile food anyway?

Last year, there was already talk of stockpiling food. As in, the federal government was stockpiling - buying up storable food in enormous volume from such places as Best Prices Storable Foods. Last month, there were news stories of China stockpiling food, too, because of the big drought it's been facing.

And, sure there's a need for a government to have food in ready demand when something like Katrina hits.

But what about our economy? Should we stockpile food in preparation for transportation halts, bank closures, or food shortages? And if so, how do you do that, anyway?

March 4, 2009

FDIC Letter Threatens FDIC Insolvency - This is Big News But What Does It Mean to You?

Today, there was big news that maybe isn't getting the attention it deserves: the head of the FDIC has sent a letter to banks and thrifts across the country, explaining to their CEOs that the FDIC must raise its fees, as well as be paid the big surprise extra premium payment that it voted for itself last week, otherwise the FDIC will become insolvent in a matter of months.

That the FDIC is even hinting that it may be insolvent at any time is spooky stuff, and I'm thinking more than adequate to start some folk on a run to their banks.
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