Tag Archives: Bank Failures

Getting Ready for the Coming Wild Economic Ride – Part 2

In part one, we just finished talking about reducing your material footprint, so that you start to wean yourself from the “luxury must-haves” that you consume now. This also goes for any vices you have. The sudden withdrawal from nicotine, alcohol and caffeine will change your behavior. The more vices you have, the more difficult you’ll have in coping without them. Start weaning yourself off them now. After the balloon pops on this economic bubble we’re in, common daily items are going to disappear fast, and after that, they’ll be in short supply. Look at any country that has gone … Continue reading

Posted in Economic | Tagged , , , , , , , , , , , , | Leave a comment

Getting Ready for the Coming Wild Economic Ride – Part 1

Undoubtedly, you’ve seen the recent shakeup in the news on how the Fed is thinking about tightening up the free money they’ve been handing out to bankers. The purpose of all this printed money, we were told, was to give the economy time to heal itself and thus avoid an economic collapse. Trillions of dollars were given to Wall Streeters and bankers, yet we have little to show for it. The media has long ignored the fact that this injection of money hasn’t accomplished anything but keep friends of the Fed in a constant supply of cash. This is, of … Continue reading

Posted in Economic | Tagged , , , , , , , , , , , , , , | 2 Comments

QE3: Get Ready For Hyperinflation!

Here’s a recipe for disaster: “…the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Fed’s big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading

Posted in Economic | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

The Next One Will Be The Big One « Jim Sinclair’s Mineset

Haven’t covered too much about the economy lately; I hit on the economy so much last year that I want to make sure that we cover other things as well. However, it’s important to realize that the economy is still highly unstable.  This means that, at any time, the markets can turn upside down and crash, or fall, or any number of things that will cause an “unsettled period of time.”  Like, recessions, depressions, collapse of the dollar, things like that.  Remember, we still haven’t recovered from the last recession, though some say that we’re still in it and some … Continue reading

Posted in Economic | Tagged , , , , , , , , , , , | 1 Comment

U.S. banks told to make plans for preventing collapse

It seems like all the bad bank news comes out between Friday night and Sunday. They do this on purpose because they know you’re not paying as close attention to the news on the weekend. Banks are preparing for a collapse? Perhaps you should too! [From Exclusive: U.S. banks told to make plans for preventing collapse | Reuters] (Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government … Continue reading

Posted in Economic | Tagged , | 7 Comments

Are More Bank Failures Coming – You Can Bank On It!

If you’ve been paying attention, then it’s no secret that many banks are in trouble and are dangerously close to closing. Do you know how your bank scores? Do you know if your bank will be open tomorrow? A quick article that sums it up pretty well: “BankUnited Won’t Be Last Bank Failure: The FDIC Is Going to Have a Busy Year.” If you want to find out where your bank sits, go to Flying Eagle Gold and check the links on the right side, entitled, “Weakest Banks in the U.S.” and “Strongest Banks in the U.S.” Whether or not your … Continue reading

Posted in Economic | Tagged | Leave a comment

Is Your Bank Next?

Here’s a dirty little secret that you’re not supposed to know about. Your bank may be on the verge of failing. Sure, there are some news stories about it here and there, but you’re not being told the whole truth (you’d think we’d be used to that by now). Go to this link to find a list of Troubled Banks, and see where your bank is listed. Look at the rightmost column; numbers above 100 are in serious trouble and between 50 and 100 are considered vulnerable. The bright spot in this is that most banks, at least for now, … Continue reading

Posted in Economic | Tagged , | Leave a comment