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The Imminent Banking Collapse
Understanding the what drives our economy has never been more crucial. Our monetary system lives on borrowing and lending money. The health of the U.S. banking system is a direct reflection of the health of our economy.
To grasp the magnitude of the following data. Please note, that as of July 2nd 2009, We have seen twice as many banks fail then the last 10 years put together. The figures include 1999-2008. On a side note, 2008 saw most of those failed banks.
Acknowledging the above said, take a look at the health of our banking system; hence the health of our economy and monetary system.
The following link will direct you to the official Federal Deposit Insurance Corporation (FDIC) website. A corporation who many analyst believe is under capitalize and on the brink of self collapse.
http://www.fdic.gov/bank/individual/failed/banklist.html |
