
This year we are having many bank failures. In fact, the tally is up on 89 banks that we closed by the regulators. However, we have a new problem. FDIC is running out of money. Well, you see, we only had three banks close in 2007 and this year I predicted over 100 would close. Debunkers ridiculed me, but now they claim that it was so obvious that banks would close. Hey, guess what, banks closing is a sign of a depression.
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