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Very important point about safety deposit boxes. Not only will you not have access during a bank “holiday”, but government has said they have the right to seize the contents of the boxes.

Cyprus should have been a warning for everyone. That test run went very well for the banks. US courts have already established our deposits are not really ours, they are unsecured liabilities for the bank. So as the creditors line up at the bank to big to fail that failed, guess where you stand in the line for the leftovers.

But not to worry, the stock market will just keep going up, and we will all be richer than we ever have been. Don’t you just love free money. All I need now is my Obama phone and I’m good to go.