~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-11_Q2

[billstew]

~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-11_Q2

http://www.youtube.com/watch?v=rn94OzLerVo

He seems credible. So I looked him up and found his website.

Here’s an excerpt from his latest article.

...

We are predicting a very damaging year in 2010 for both stocks and bonds. One of the big questions is the implementation of Basil II and III and the FASB. If their stricter accounting practices are enforced the corporate world is in for a heap of trouble.

...

[Slimprofits]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

I'm a little bit surprised that more attention isn't being paid to the war being waged against the FASB by the American Bankers Association.

Dodd, Frank and the ABA are conspiring in the halls of Congress to place the FASB under the thumb of their new banking systemic risk superhero regulator able to wind down failing giants in a single deal.

[billstew]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

I'm a little bit surprised that more attention isn't being paid to the war being waged against the FASB by the American Bankers Association.

Dodd, Frank and the ABA are conspiring in the halls of Congress to place the FASB under the thumb of their new banking systemic risk superhero regulator able to wind down failing giants in a single deal.

Whatever you are referring to is news to me, as the video I posted above only got about 3 replies on http://maxkeiser.com/ ...

Somehow or other even mega news stories just sometimes take a while to hit and become big news ...

We live in interesting times.

[jiimbergin]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

I believe that EJ has said that there would be at least 1000 bank failures:eek:

[D-Mack]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

He is often on the Alex Jones Show or GlobalResearch Radio.

time will tell....

[ThePythonicCow]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

He is often on the Alex Jones Show or GlobalResearch Radio.

time will tell....

Try a search for "Bob Chapman bank holiday." One will find such predictions as the following from Bankster “Holiday” Planned for September?.

Kurt Nimmo
Infowars June 22, 2009
Bob Chapman’s influential International Forecaster is reporting on the possibility of a so-called “bank holiday” planned for late August or early September. According to Chapman’s sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate

So, like all of us (except perhaps Metalman's spouse :rolleyes he is not perfect.

[ThePythonicCow]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

Is this the same announcement by Bob Chapman that was also discussed on the thread Bob Chapman - Federal Reserve: Banks which received TARP funds are to restrict commercial lending?

[billstew]

Re: ~2000 US banks teetering on verge of collapse, not ~500 ... possible USD collapse in late 2010-1

Is this the same announcement by Bob Chapman that was also discussed on the thread Bob Chapman - Federal Reserve: Banks which received TARP funds are to restrict commercial lending?

That thread refers to the same video that I originally posted.
The posting dates should prove this.
That thread is in essence a follow up this one...