Record number of banks is going bust

[Lighthouse Profile]

This image says enough, these are the cumulative bank failures for 2008, 2009 and until now in 2010..

There is no recovery, of course not, never been, just the temporary effect of QE (Quantitative Easing), this is going to end badly for the world's currencies, and by extension the world's financial system.

Which is actually a good thing for those who agree that this system is fraudulent and unfair anyway.

But, be prepared, buy a silver coin or two

[Mediasorcerer Profile]

bank profits are up to record hi's in aus,what does that mean?

[Lighthouse Profile]

bank profits are up to record hi's in aus,what does that mean?

There is a consolidation going on, there will be fewer and fewer banks, the big ones are eating the small ones, the smallest ones are going bust,
like in the 1930 the whole idea it to get even more banks in the hands of the few.

(apart from that, fortunes of taxpayer money have flown to a certain number of banks, always the same ones of course, they were, in keeping with "free market principles" , deemed "too big to fail")

[Lighthouse Profile]

Another sobering graph for the day is this one,
home sales, lowest since 1995 !!

[Truthseekerx Profile]

Best banks to keep your money right now are in Canada or in Canadian-owned banks.

Examples:

TD Canada Trust: http://www.tdcanadatrust.com/
TD Bank: http://www.tdbank.com/
RBC: http://www.rbc.com/country-select.html

[Lighthouse Profile]

Best banks to keep your money right now are in Canada or in Canadian-owned banks.

Examples:

TD Canada Trust: http://www.tdcanadatrust.com/
TD Bank: http://www.tdbank.com/
RBC: http://www.rbc.com/country-select.html

Absolutely agree, Canada and Australia are much safer than the US, and their currencies will hold much better.
Thanks for the tip truthseekerx

I would like to add thought that, if we don't want the ruling elite to have access to our money, we should avoid banks altogether, and go for other commodities like food, tools, energy, silver,... The things that will really be worth something in the not to distant future.