An excerpt from a new article by Terry Burnham, a former Harvard economics professor.
By Elliott Wave International
EWI's president Bob Prechter has been warning about the safety of the U.S. banking system for a while.
Enjoy this excerpt from a new article by Terry Burnham, a former Harvard economics professor, author of "Mean Genes" and "Mean Markets and Lizard Brains", who spoke at last year's Socionomics Summit in Atlanta.
Mr. Burnham's article appeared on pbs.org on January 30 and was quickly picked up by Zero Hedge.
Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.
Why am I getting in line to take my money out of Bank of America? Because of Ben Bernanke and Janet Yellen, who officially begins her term as chairwoman on Feb. 1. Continue reading ""Harvard Economist Is Pulling His Money From Bank Of America""