103 U.S. Banks Have Collapsed So Far In 2010 – Do You Know If Your Bank Will Survive?
Have you ever noticed how almost all U.S. bank closings are now announced over the weekend? It is almost as if someone wants to keep the increasing number of bank closures out of the news cycle as much as possible. The Obama administration continues to use phrases like “green shoots” and “economic recovery”, but the truth is that the U.S. banking system is in the middle of a meltdown. On Friday, federal regulators shut down 7 more banks. That means that the total number of U.S. bank failures has reached 103 for 2010 so far. Last year (which was a really bad year for bank closings), we did not break 100 until October. Of course federal officials promise that “the worst is almost over”, but can we really trust anything that they tell us at this point?
When it comes to the health of the U.S. banking system, the statistical trends certainly do not look promising.
At the end of 2008, there were 252 U.S. banks on the FDIC’s problem list.
At the end of 2009, there were 702 U.S. banks on the FDIC’s problem list.
About halfway through 2010, FDIC Chairman Sheila Bair said that 775 banks (approximately 10% of all U.S. banks) were on the problem list.
Does anyone else notice a trend developing? Keep reading at theeconomiccollapseblog.com-103 US banks collapsed 2010
For some time I’ve been saying, to everyone I can, if we want to stop the plan we have to stop participating in it. The plan is using our labor, in the form of federal reserve currency (what we now call money). So, we have to extract that money from their system.
This can be accomplished by boycotting the banks owned by this group of international financiers. I’ve made a “Boycott The Banks” web page and blog page. I’ve created a form so people could join up and be seen taking action. What I need is someone who is more experienced with php and databases than I am.
The page is here ( The Boycott Solution ). You can go there and comment, add ideas and give the link to your php coder friends. As soon as I can get it so peoples info is secure I can go ahead and open it up to the public.
