Harvard Economist Expects Bank Runs, Withdraws $1 Million from BofA

Is your money safe at the bank? An economist says ‘no’ and withdraws his.

Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. (See our 2005 segment with Burnham below about how “lizard brains” influence our economic decisions.)

Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.

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(Via AMTV)

See also:

Elite Insider Predicted Massive Crash in 2012: “Very Large Probability… Around March 4, 2014″

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