What do you think of 139 plus US banks falling like flies, what is the reason behind all this?


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More Bank Failures: 139 in 2010 so far (versus 140 for all of 2009) by Jeff Davis America’s financial collapse continues apace. The bank closures just keep on coming and coming. Yahoo News reports: “Regulators on Friday shut down a total of seven banks in Florida, Georgia, Illinois, Kansas and Arizona,...


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Answer (10):

 
Hoodwinked

All recessions and depressions are manufactured deliberately so that stock's become so low the elites buy them up at such low prices.

The Federal reserve amd the Bank of England print money out of this air unregulated and when they want to create a recession they just stop printing money.

The Rothschild family are behind every recession and they also start every war and fund both sides as they did with the Bush family funding Hitler.

Here is a little history leasson about the iportance of the outcome of the battle of Waterloo. What we are not taught at school:

When asking Western school children about the significance of Waterloo, the answer will be something along the lines of ‘the decisive battle between Napoleon and an English lead European coalition’. In fact, the future of the European continent was perceived to depend upon the battle of Waterloo.

If Napoleon won, France would have been confirmed as the undisputed master of Europe. If Napoleon was beaten, England would have become the leading power in Europe and greatly expand its sphere of influence.

What Western school children are not taught - for obvious reasons - is the much bigger story behind the official narrative, the story of one of the biggest frauds in human history. Nathan Rothschild, the head of the English branch of the Rothschild crime family, took advantage of his advance knowledge of the outcome of the battle by tricking the London Stock Exchange into believing that Napoleon had won. The resulting crash of the Exchange enabled Nathan Rothschild’s agents to buy the entire London stock market for a Penny in the Pound and seize control of the Bank of England.

This shameless fraud was ruthlessly repeated in 1929. The private owners of the U.S. Federal Reserve, Rothschild subsidiaries J.P. Morgan, City Bank and Chase Manhattan Bank were awash with money earned by financing World War I. Using their market power, Rothschild’s agents first engineered an artificial boom in the stock market, tricking smaller banks and private investors into putting huge amounts of money into the stock market and then deliberately crashed it, enabling the Rothschild agents to buy most of the U.S. stock market. The ripple effect of the New York crash also enabled Rothschild agents in other countries, such as Germany, to buy local corporations at a fraction of their actual value.

Eighty years later, it looks like our ruling psychopaths are at it again. They are systematically destroying trust in the U.S. dollar, causing holders of large amounts of green bags to sell them. At the same time, the Rothschild’s are preventing the European Central Bank from printing sufficient Euros for U.S. Dollar owners to exchange all of their holdings into Euros. That way Dollar owners are forced to buy gold instead, causing the gold price to explode.

Simultaneously, the Rothschild’s are using their influence on the media sector to spread rumours of an imminent crash of the U.S. Dollar and international stock markets. As per usual, in the day and age of infowar, those rumours first started in the alternative Internet based media, only to spread into the mainstream business media. Last week’s ‘global stock and credit market warning’ of the Rothschild owned Royal Bank of Scotland means that the next Waterloo must be imminent.

All it takes is a trigger such as a thwarted Israeli attack on Iran or the blocking of the Persian Gulf for oil transports, followed by a major stock sell-off by Rothschild agents. Once the world’s stock and credit markets have completely crashed, the price of an ounce of gold will be in the thousands, enabling the Rothschild’s and other owners of large gold holdings to buy the market for a fraction of their true value.

http://www.youtube.com/watch?v=fXVJzXsra...

 
Loreal

Muledance is right and it ties into what Pres Clinton said publically, that "it was the democrats in Congress who were to blame for not acting on financial mess way back". Well, at least he's honest about it. Of course Bush did nothing to stop it.

Alan, capitalist greed runs our government, both parties, the media and thus most of us. It's corporate globalism on both sides of border that created our illegal invasion by NAFTA, CAFTA and now the Security and Prosperity Partnership Agreement. HOWEVER, we can stop this monster by voting in a 3rd party for SMALL GOV. Capitalism is good kept under control, it is what made our country great. Socialism destroys any country it touches in many ways!

 
Alan

The reason behind it all is simple Capitalist Greed. There really is no other explanation. Capitalism is a huge failure and unfortunately it's the ordinary man on the street who suffers. Say all you want about socialism, at least the poorest in society have a safety net in a democratic socialist country. Capitalism just says "Every man for himself and if you lose your job and wealth, tough, you die as noone is going to lift a finger to help you"

Lori, if you insist that Capitalism made America "GREAT" it is also responsible for making America bankrupt and the country with the highest debt in the world and financially broke due to GREED and nothing else. Capitalism is failing and all you will be left with are a handfull of extremely rich and wealthy people governing the masses of those who can barely make ends meet. I dont need to be a genius to know that without a social welfare system to provide a safety net for those unfortunate enough not to be multi-millionaires, America would have millions of starving homeless hobos on its streets.

 
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robert c

What it means in its simplistic terms is that Americans were living in a dream world of 'No Tomorrow'!
Along with American Banks lending money to some Americans who never had a chance of repaying the loan.
This has resulted in bringing the American dollar down to its lowest value.
America finance companies are only hanging on by the 'skin of their teeth' because of Chinese involvement.
To give you an indication of the strength of the dollar.when a previous repetition of the very same event happened in America in the 19 20s/30s the worlds financial institutions came crumbling down.
Today we witnessed a a jolt on the stock markets,nothing more than that.
So what do I think of those failing banks in America?To me and millions more it gives an indication that America is no longer the financial leader of the World's financial system!

 
LongJohns

It is a failure of governance with the Clinton years in the USA and with the changes Brown made over here - they allowed the history of the crash of 1929 and the subsequent depression to repeat itself albeit with a slightly different twist. It is a tale of socialist incompetence and greed.

 
credo quia est absurdum

Clinton era fallout. President Clinton "strongly suggested" that banks relax their mortgage lending requirements while allowing the thieves in congress (that word, "thieves" is equal to the word "politicians") to legalize derivative trading. The rest is history.
so much for the Clintoon "good times", we are in them right now and our clown-in-chief is doing nothing to convince the current crop of thieves to change things.

The politicians have come to believe that they are our masters rather than our servants.

They are out of control.

It's time to vote ALL of them out of office.

We need to have a "REMOVE INCUMBENT" option on the ballot.

 
ronnie14848

Capitalism is failing. The banks are private but love nationalisation when the going gets tough then they privatise the profit and nationalise the debt......hence al the poor paying back what the bankers owe and bankers still get their bonus's even when they fail.

 
UreLipsAreMoving

Too many banks.

 
Steve-o

the financial weapon of mass destruction - OTC DERIVATIVES...