i understand that they can't close them any faster, because they can't find other banks to take them over... there are about 400banks that need to be closed... it is just a matter of time..days maybe a few weeks at the most
yeah, so what happened? Just like what happened with indictments of Paulson, Bernanke, etc....NOTHING. This utter collapse of the U.S. has been completely engineered by the same people that have the poer to STOP it. Obama, you are a sorry son of a bitch.
Very good video. Many banks nationwide are posting bulletins letting customers know that they will be closed for a few days. Some in September and some in August. Please keep in mind that this could be a transition from the dollar to a new currency. I sure hope it isn't but if it is the odds are against us. The ratio could be 1-6 or even 1-12. Buy gold or silver if you can.
Go to stevequayle dot (com) there some interesting articles there.
have not seen any such notices. if you have evidence , for goodness sake show it.. we are all on tenderhooks. As a business i care not for so much uncertainty. Makes it difficult to plan .
BTW Hired gun.....................i have a reverse mortgage. house value fell since then, the government backed this loan too. Mortgage insurance put 5,000.00 onto our refi. I cant help but wonder how much that will add to our mutual debt and when that bubble will pop.
You really want to get pissed?, well if th govt were to give 1/2 of 1% of that bullshit bailout money that it gave to all those fked up companies on wall street, the FDIC would be rolling in cash. But NOOOOOOOO, lining the pockets of well-connected executives is more important.
I'm sure the FDIC has already alerted the white house what's going on. Probably Obama's team is already coming up with a bailout package for the FDIC. God, were in such deep doo doo.
Good video. I think a lot of nasty events will happen over the Fall causing the collapse. But in relation to August 25th, would the Feds not bail out the FDIC as another duct tape effort. It isn't big money in their terms. If CIT fails this month that would be one heck of a contagion.
Right, they wont be allowed to fail they'l just all a Bank Holiday" oh i dont know, say maybe 3-6 months until they can get more cash for them to burn through. Prepare!!!
Couple days? You're also forgetting about he Dollar crash, Commercial Real estate Bubble bursting, Derivatives & Bond Market collapse oh and a h1n1 outbreak... it's going to take more than 2 days.
When FDR closed the banks in '33 thousands of them never re-opened ever again, for the people that had money in those banks , it was an infinite Bank Holiday.
holy crap. This could mean that the banks could be shut down for longer than a few days.. they might need months to get the FDIC and the Deposit Insurance Funds restocked with cash. The sh*t is about to hit the fan for sure
While it seems correct they only have 18B available, the part that isn't clear is the 16B cost due to the banks that have failed this year. Has that not already been paid off, as the banks fell, starting in January? Isn't that why they're down to 18B now?
Bank Holiday or not it's very clear my money isn't safe in the bank. It's time to get it out while I still can or should I say "if" I still can? Can I EVEN WITHdraw 22k at once from the bank? I bank with BofA :(
I heard that if you withdraw 10k in a week the FEDS will be alerted and you'd be flagged under 'suspicious" activity or possible terrorist . Funny since it's your money.
The average cost for bank failures is about 100-200 million and that's for "small "banks , this is huge news if these numbers are true. The FDIC needs to be looked at more closely.
Wow i did not realize the severity of the situation...But do we know if they even raised $5.6 billion? The article said that they "aimed for it. what if they ell short, they could be insolvent right this minute.... WOW
Yes it is, think about this... there's still more banks that we know of on the verge of failing and we've still got 5 months to go until DEC 2009, they have not even stated how they plan on replenishing the Fund if they can even do it?
We are now up to 106 banks.. (10-24)
i understand that they can't close them any faster, because they can't find other banks to take them over... there are about 400banks that need to be closed... it is just a matter of time..days maybe a few weeks at the most
cds162 2 years ago
Bank failures has now reached 100 as of today, 9/23, that bank Holiday is going to be called real soon. Mass panic? Martial law?
Most Americans are oblivious to whats going on until it hits them directly. Peace
I also liked your responce to a video by finalcall , regarding the Sabbath.
Revelation 14;12
Here is the patients of the saints ,those who follow Gods commandments ,and their belief in Jesus
vasiliosrigos 2 years ago
yeah, so what happened? Just like what happened with indictments of Paulson, Bernanke, etc....NOTHING. This utter collapse of the U.S. has been completely engineered by the same people that have the poer to STOP it. Obama, you are a sorry son of a bitch.
TadRapidly 2 years ago
this is chilling.....absolutely chilling.....I don't know about other folks but this is making me freak out
inkey2 2 years ago
subd + 5s hope the news gets around. lets get this over with so we can rebuild.
Winter is hard enuf in good times.
1mealperday 2 years ago
No wonder the administration came out this week and had their talking heads say that " the recession is done" - "we are out of the recession now"!!!
What a joke! These people have NO CLUE!
Guess they will just have to fire up those printing presses and print up some more greenbacks!
Can anyone say "hyper-inflation"???
cjwilk 2 years ago
Good video and scary. But would you agree that big gubmit will just print more money to bail them out too?
deek20 2 years ago
Very good video. Many banks nationwide are posting bulletins letting customers know that they will be closed for a few days. Some in September and some in August. Please keep in mind that this could be a transition from the dollar to a new currency. I sure hope it isn't but if it is the odds are against us. The ratio could be 1-6 or even 1-12. Buy gold or silver if you can.
Go to stevequayle dot (com) there some interesting articles there.
hermillan 2 years ago
have not seen any such notices. if you have evidence , for goodness sake show it.. we are all on tenderhooks. As a business i care not for so much uncertainty. Makes it difficult to plan .
BTW Hired gun.....................i have a reverse mortgage. house value fell since then, the government backed this loan too. Mortgage insurance put 5,000.00 onto our refi. I cant help but wonder how much that will add to our mutual debt and when that bubble will pop.
1mealperday 2 years ago
You really want to get pissed?, well if th govt were to give 1/2 of 1% of that bullshit bailout money that it gave to all those fked up companies on wall street, the FDIC would be rolling in cash. But NOOOOOOOO, lining the pockets of well-connected executives is more important.
MrSkaramanga 2 years ago
I'm sure the FDIC has already alerted the white house what's going on. Probably Obama's team is already coming up with a bailout package for the FDIC. God, were in such deep doo doo.
neal00 2 years ago
Good video. I think a lot of nasty events will happen over the Fall causing the collapse. But in relation to August 25th, would the Feds not bail out the FDIC as another duct tape effort. It isn't big money in their terms. If CIT fails this month that would be one heck of a contagion.
Lynchian74 2 years ago
Thank you for that
jembocc1347 2 years ago
thanks for the video!
Growby10 2 years ago
Besides, I'm sure they're TBTF.
drutter 2 years ago
Right, they wont be allowed to fail they'l just all a Bank Holiday" oh i dont know, say maybe 3-6 months until they can get more cash for them to burn through. Prepare!!!
HiredGunz98 2 years ago
3 months? All it would take would be an 'emergency' bill or executive order. Couple days.
drutter 2 years ago
Couple days? You're also forgetting about he Dollar crash, Commercial Real estate Bubble bursting, Derivatives & Bond Market collapse oh and a h1n1 outbreak... it's going to take more than 2 days.
HiredGunz98 2 years ago
Is there any precedence for 3 month bank holidays? If not, what leads you to make that prediction?
drutter 2 years ago
When FDR closed the banks in '33 thousands of them never re-opened ever again, for the people that had money in those banks , it was an infinite Bank Holiday.
HiredGunz98 2 years ago
holy crap. This could mean that the banks could be shut down for longer than a few days.. they might need months to get the FDIC and the Deposit Insurance Funds restocked with cash. The sh*t is about to hit the fan for sure
TheMutleycroo 2 years ago 2
While it seems correct they only have 18B available, the part that isn't clear is the 16B cost due to the banks that have failed this year. Has that not already been paid off, as the banks fell, starting in January? Isn't that why they're down to 18B now?
drutter 2 years ago
Bank Holiday or not it's very clear my money isn't safe in the bank. It's time to get it out while I still can or should I say "if" I still can? Can I EVEN WITHdraw 22k at once from the bank? I bank with BofA :(
denimjeanswearer 2 years ago
I heard that if you withdraw 10k in a week the FEDS will be alerted and you'd be flagged under 'suspicious" activity or possible terrorist . Funny since it's your money.
MegaDonTV 2 years ago
The average cost for bank failures is about 100-200 million and that's for "small "banks , this is huge news if these numbers are true. The FDIC needs to be looked at more closely.
MrWatchout1 2 years ago 2
Wow i did not realize the severity of the situation...But do we know if they even raised $5.6 billion? The article said that they "aimed for it. what if they ell short, they could be insolvent right this minute.... WOW
MegaDonTV 2 years ago 3
very very interesting
stellaconcepts 2 years ago 3
Yes it is, think about this... there's still more banks that we know of on the verge of failing and we've still got 5 months to go until DEC 2009, they have not even stated how they plan on replenishing the Fund if they can even do it?
XSNX1 2 years ago