Predictions for 2009
The economy will continue to worsen throughout 2009. The U.S. will officially be in a depression by years end. After a few more months of deflation, the value of the dollar will become unstable and...
View ArticleFDIC shuts more banks
This year’s total number of closed banks is now 68, twice as many as this time last year. The banks failures occurred in Arizona, California, Florida and Minnesota. FDIC Chairman, Sheila Bair, said...
View ArticleMore banks shut down
The number of bank failures rises to 78 so far this year as 3 banks in Florida, 1 in Nevada, and 1 in California shut down on Friday, May 28. The number of banks expected to fail this year is more than...
View Article157 U.S. Bank Failures in 2010 sets FDIC record
As of December 31, 2010, the FDIC lists 157 U.S. bank failures for the year 2010. That number eclipses the previous record of 140 shuttered banks set only one year earlier in 2009. When the ongoing...
View ArticleGaddafi targeted for gold currency push
The Russian news service RT reports that besieged Libyan leader Muammar Gaddafi was targeted by Western powers not for humanitarian reasons or even for oil. Instead, Gaddafi is in NATO’s crosshairs...
View ArticleFacebook to become basis for National ID?
Many of us inside the computer industry were highly skeptical of Facebook’s IPO. I warned those near me that Facebook (NASDAQ FB) was grossly overpriced and would crash so hard, so fast that it might...
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