=
=
The danger to the Banks is not just a run on them by individual depositors but
the LIBOR rate (interbank loan) that they need to keep operations going. The Banks do not trust each other and are holding money back this is why the FED and central banks are pumpimg money into the system.
Yes everyone going to get their money out might be even more problem and if
this goes into hyperinflation holding your money anywhere at bank or at home will be a bad idea.
The FDIC can only insure a small percentage of the deposits right now their fund is around $40 billion and Washington Mutual alone had $188 million in deposits. So the FDIC could not back up Washington Mutual's failure. If only 10% (maybe even less today) of a fractional reserve Bank deposits are taken that Bank will probably fail.
Jim Sinclair is not saying take all of your money out just enough to last a couple months and then you can put it back in your bank if everything is okay.
But if you start to see hyperinflation start then consider converting money
into property, gold, silver, food, etc... again do not fear or panic ... keep a calm and cool head but do your planning and prepare.
It is already happening in Iceland see thread:
http://projectavalon.net/forum/showthread.php?t=4205
=
=