US Banks about to crash

[buzneg]

If you really truly think banks are about to crash, well, get rid of all your cash by converting it into real estate or gold or other tangible good that can be traded if currencies were to collapse.

Don't get rid of your cash, get rid of your deposites at banks. Physical cash is a good thing to have right now, because when banks crash the money supply will drop like a rock, unless they inject more liquidity, bail outs etc. It may be that the banks don't crash, but they will have to bail them out, and that will cause hyperinflation in maybe 6 months afterwards as the money circulates. With banks crashing there will be delation this is why cash is good, while everyone else lose their deposites, all that "money" that was there will be written off the money supply, and the price of everything will go down, so the few people with cash can buy everything for cheap. Most likly they will let all the smaller banks crash, and then bail out the big banks, which they are buddies with. This will cause deflation, and then inflation. First they drive down the price of everything, and then they buy everything, and by the time the inflation settles in all the parties which are out of the loop would have sold their useful assets for cash, which soon after becomes worthless.

Cash is good incase deflation happens, but Gold Silver, and useful assets are good to have incase inflation takes over. They could easily cause inflation or deflation to happen, it can't be predicted which will happen, I think inflation will happen though, becasue if people go to the bank and see they have no money they will get pissed, but if the price of everything goes up the media can always give excusses, and it's less of a shock.

[Cap-Z-ro]

Get hooked up to an organic grower and start storing food...its going to get bad before it gets worse.

Here is a list of store closures...

Ann Taylor  closing 117 stores nationwide.

Eddie Bauer to close more stores after closing 27 stores in the first quarter.

Cache, a women's retailer is closing 20 to 23 stores this year.

Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide

Talbots, J. Jill closing stores. Talbots will close all 78 of its kids and men's stores plus another 22 underperforming stores. The 22 stores will be a mix of Talbots women's and J. Jill.

Gap Inc. closing 85 stores

Foot Locker to close 140 stores

Wickes Furniture is going out of business and closing all of its stores. The 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month.

Levitz - the furniture retailer, announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910.

Zales, Piercing Pagoda plans to close 82 stores by July 31 followed by closing another 23 underperforming stores.

Disney Store owner has the right to close 98 stores.

Home Depot store closings 15 of them amid a slumping US economy and housing market. The move will affect 1,300 employees. It is the first time the world's largest home improvement store chain has ever closed a flagship store.


More here..

http://www.marketoracle.co.uk/Article5723.html

[nocnoc]

FYI, the FED is no governmental body as you might think, it's a PRIVATE bank: http://www.apfn.org/apfn/reserve.htm
How much gold reserves do you think is still stashed in Fort Knox? http://www.apfn.net/Doc-100_bankruptcy10.htm

[z.monkey]

Howdy Y'all,

Fort Knox?  I thought they mothballed that facility.  If there was something there the International Banks probably stole it in the middle of the night.  So it is saddening to hear that so many businesses are suffering.  My tiny engineering business is suffering also.  This is what the Illuminati have done to us and it is they who should suffer the consequences of their actions.  Our nation will survive this but there are going to be a lot of changes.  Like Cap-Z-Ro said, stock up on those foodstuffs, water and build some FE generators we are going to need them...

Blessed Be Brothers...

[Sprocket]

It's not just the US that has problems, 'they' are out to bankrupt as many countries as they can.  True, the greenback is backed by nothing (gold etc.) so the US government can and does borrow as much of the stuff as they think they need, knowing all the time that it's the American taxpayer who is stuck with the bill!   However, while the mighty US now owes about 12 trillion, I was surprised to discover that the UK owes a whopping 8 trillion!!!  In fact, when go through what each country owes, you get an overwhelming sense that some of the world's poorest countries are far better off, as they owe a pittance in comparasion...