Foreigners pulling their money out of US banks???

6/26/2008 5:38:45 AM	Foreigners pulling their money out of US banks???
deserted Arlington, TX age: 42	I can not verify this, but I better understand why do to the dropping dollar... Foreign employees at the United Nations are transferring their money from accounts at the United Nations Federal Credit Union (UNFCU) and other New York City banks, both domestic and foreign-owned, and the move has been sudden. http://www.rumormillnews.com/cgi-bin/forum.cgi?read=126838 http://groups.google.com/group/soc.culture.usa/browse_thread/thread/24672dbb69db836a If this is taking place, what would this do to America?
6/26/2008 5:50:35 AM	Foreigners pulling their money out of US banks???
knightnyte2 Spring, TX age: 55	they are the most abusive bunch of folks in the whole world. Maybe we should, as that old email we've all seen says, make the UN building a homeless shelter, and dont let them leave until they pay their parking tickets. peace... don't be hatin'
6/26/2008 6:33:36 AM	Foreigners pulling their money out of US banks???
soulcitywalker Lexington, KY age: 49	You all always base your opinion of a group on a small number of it's total number.
6/26/2008 6:36:34 AM	Foreigners pulling their money out of US banks???
soulcrazy San Clemente, CA age: 39	well well , look at this . this should be fun soul
6/26/2008 7:02:40 AM	Foreigners pulling their money out of US banks???
virilevirtuoso Glendale, AZ age: 36	maybe they know something we dont? the dollar has been falling, maybe its gonna crash?
6/26/2008 11:58:43 AM	Foreigners pulling their money out of US banks???
michael061 Clay, WV age: 61	This is the result of our government artificially holding the interest rates down. What this has caused is rapid inflation, coupled with low interest on the money in your bank account. If you have $100 in the bank, and you get 2% interest, at the end of the year you will have $102 in your account. (before the tax man gets his) As much as $1 of that is taken as a tax on your so called gain. That leaves you with $101. If you buy gasoline with that money, you will get about half as much gasoline as you original $100 was worth when you put it in your account. So, what the government is asking you to do, is take a huge loss on every dollar you put in an American bank. Asking foreigners to take such a loss when they can easily put the money in European banks, is a little too much. I predict that the rapid movement of money away from our banks, will force the Federal Reserve to raise the rate. It all comes down to one thing. You can not keep spending money you do not have forever. You can send rubber checks for a short while. You can say the check is in the mail a couple of times. You can duck the bill collector for months. However, sooner or later, you will have to either pay, or you will not be allowed to play the game. We are all tapped out and the gambler's collector is at the door. Even so, we continue to demand more credit, and more free stuff from our government. I can see two ways to cut expenses and to raise revenue. First, we can drill in the public lands and give half of the money to the Treasury. Second, we can allow those who are nearing the end of life to take a pill and avoid the misery of the last six months. As you can see, we are nearing the end of easy answers. Michael
6/26/2008 1:26:12 PM	Foreigners pulling their money out of US banks???
eightinchbend Gadsden, AL age: 44	This was to be expected. The foreign nation faith in U.S. Treasury investments have disappeared. They have converted to diversifying in anything that trades better with the Euro. It was only a matter of time for UN employees to follow suit. As far as the "suddenness"; could be anything. It may have something to do with todays decision by President Bush to lift trade sanctions on North Korea; I have not seen the Wall Street reaction to this, but for that, and what you are looking for, it's worth checking out how we closed today.
6/27/2008 1:47:21 AM	Foreigners pulling their money out of US banks???
deserted Arlington, TX age: 42	The Dow Jones industrial average plunged more than 350 points Thursday to a 21-month low as oil prices surged to nearly $140 a barrel. I can imagine something to take place to take our minds of this issue if it gets any worse. Dubai is looking good.
6/27/2008 3:11:36 AM	Foreigners pulling their money out of US banks???
lookinaround73 Pensacola, FL age: 34 online now!	If we could get the FairTax enacted, Foreigners would be hiding there money in tax free American banks. Fairtax.org
6/27/2008 12:10:44 PM	Foreigners pulling their money out of US banks???
chinatown_girl Oyster Bay, NY age: 19	Quote from virilevirtuoso: maybe they know something we dont? the dollar has been falling, maybe its gonna crash? months ago the canadian dollar was worth more than ours, when's the last time that happened? its not just foreigners who are pulling their money out of the banks. look at the price of oil. maybe we better take a look at the money that this war is sucking out of the economy; and how all of the cities are trying to make them playgrounds for the rich and pushing out regular working people.
6/28/2008 2:31:42 PM	Foreigners pulling their money out of US banks???
saruman256 Fairhope, AL age: 52	Those UN people don't have enough money in US Banks to even make a teller sneeze. There is no mass withdrawal of funds by foreigners in US Bank deposits, but they are selling all their stock in those corporations, much like I did before the crap hit the fan. Saving your money in a bank just doesn't pay off, there are better ways.
6/28/2008 8:54:39 PM	Foreigners pulling their money out of US banks???
curiousone2 Springfield, IL age: 42	Dude, Just the other day, when the saudis announced their plan on relaeasing more oil? remember that? well, when they were accused of manipulating the oil market, The Kings answer was, The problem with the oil market was due to the weak American Dollar. I have said this before, and everyone called me crazy, but this is the beginning of the end of our independence of oil. And the greatest challenge that America has ever faced. OPEC, is blaming the oil crisis on our dollar, while the rest of the world demands MORE oil. They will NOT release more oil at a bargain basement prices which they currently are because the dollar is so weak. They are effectively selling oil at half price because the rest of the currencies in the world are worth MORE than ours, and OIL is priced on the dollar standard. so people in the rest of the world are getting much cheaper gas than we are because their currnecies are worth more IF the demand gets too strong, before we find a solution to both OUR energy dependence, and Our money problems, and Unless we get our dollar back in competition with the rest of the world, They will take the OIL off of the dollar standard. and oil will double overnight. because it take 2 dollars to buy 1 pound, and the same is true of the euro, and the yen. China is pushing hard for more oil, their market is growing as is their consumption. so, you may wake up one day to 12.00 a gallon oil. I think you can figure out what that will do to us.
6/28/2008 8:57:30 PM	Foreigners pulling their money out of US banks???
curiousone2 Springfield, IL age: 42	Quote from saruman256: Those UN people don't have enough money in US Banks to even make a teller sneeze. There is no mass withdrawal of funds by foreigners in US Bank deposits, but they are selling all their stock in those corporations, much like I did before the crap hit the fan. Saving your money in a bank just doesn't pay off, there are better ways. ' There are alot of foreign investors in our banking system. and since the dollar is so weak, all of these American Institutions Like Budweiser are being sold to foreign buyers. The corporations are nmo more loyal to Americans Now than they have ever been. the CEOs are abandonning the ships like the rats they are.
6/29/2008 8:27:10 PM	Foreigners pulling their money out of US banks???
onelife2live Janesville, WI age: 44	I've pulled all of my money out of US banks...not by choice...
7/2/2008 7:10:11 AM	Foreigners pulling their money out of US banks???
soulcitywalker Lexington, KY age: 49	First he whines about foreigners being here, and now he's whining that they're pulling their money out of US banks. This is really an absurd thread.