The Comments

Global Warming
Oops, I guess no one told Houston Texas. Houston gets snow, I guess global warming acts in reverse in warm climates such as Houston. Climate change, of course, the climate is not static, its dynamic and is always changing, just as it did before man walked on the earth. The climate has changed on mars, I don’t’ see many cars there though, I wonder how that climate changed ? Maybe natural forces ? Maybe here too, but don’t tell Houston.

Most Big-Banks Bankrupt
Of course, if big banks kept all their cash, how could they make profits ? Of course banks don’t hold much cash, they loan it out to make money, that’s how banks work. So, when there is a financial panic, the system seizes up and LNR already explained about fractional reserve banking. Banks going bankrupt overnight is not a surprise but an expectation in a financial panic when fractional reserve banking is used.