Alex Jones interviews Bob Chapman on the newest Eurozone plan (which involves borrowing from China and Japan) to save the global financial system which will actually translate into near $6 trillion in cycles and ultimate collapse. (more…)
Alex Jones interviews Bob Chapman about Soros and MoveOn.org attempting to hijack the ‘Occupy Wall Street’ movement, and Ben Bernanke (Chairman of the Federal Reserve) coming out and stating sympathy for the protestors’ point of view. Mr. Chapman states that he believes the people behind the protests want to have confrontations between protestors and law enforcement so as to give the Obama administration cover to declare martial law. This movement looks more like the French Revolution than the American Revolution. (more…)
Alex Jones starts out this economic interview with Bob Chapman with details of what is happening with the Bilderberg Group meeting in Sitges, Spain, and Bob’s take on Israel, the Koreas, and the impending war that the Bilderbergs are strategizing.
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Is Bob Chapman of the International Forecaster correct when he says that his sources state that there are actually 2,035 banks in trouble and that in 2010, he expects between 2500 and 3000 bank failures? (See below post for audio.) Is he also correct when he states that this will cost the FDIC some $800 Billion to $1 Trillion dollars? What about that $800 Billion that Fannie and Freddie supposedly need? I’m still searching for confirmation of those exact numbers.
Is this what Chapman is talking about?
The Federal Deposit Insurance Corp. in the next year plans to add more than 1,600 staffers, mostly to handle bank failures, and is pushing its budget up 35% as the number of tottering banks climbs.
More than 130 banks have failed this year, and the agency’s inventory of assets in liquidation has more than doubled from the beginning of the year to $36.8 billion through the end of November. The FDIC has also agreed to share future losses on the assets of more than 80 failed banks, representing $108 billion in additional exposure.
In the agency’s 2010 operating budget, released Tuesday, the FDIC would spend $2.5 billion to fund its bank failure operations out of a total budget of $4 billion. The agency’s entire operating budget for 2009 was roughly $2.6 billion.
“It will ensure that we are prepared to handle an even larger number of bank failures next year, if that becomes necessary, and to provide regulatory oversight for an even larger number of troubled institutions,” FDIC Chairman Sheila Bair said in a statement.
In addition to expecting bank failures to increase, the FDIC said it expects the number of banks at risk of failing to rise in 2010. The FDIC has twice this year demanded banks pay billions in additional fees in order to keep its deposit-insurance fund solvent.
Regulators give banks a secret rating of 1 through 5 as a measurement of their health. Banks with a 1 rating are considered the healthiest.
“The number of 3-, 4- and 5-rated institutions has increased by over 80% thus far during 2009 and is expected to continue to increase next year,” the FDIC said. The forecast could mean further increases to the FDIC’s “problem list” of troubled banks, which stood at 552 at the end of the third quarter. (emphasis mine)
11.26.09:
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