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47 banks shut down this year in US

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posted on Jun, 18 2011 @ 08:06 AM
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The Federal Deposit Insurance Corp (FDIC) has close two more banks in Georgia and Florida bringing the number of bank failures this year to 47.


"In 2010, 157 banks with total assets of USD 92 billion caved in compared to 140 bank failures in 2009 with total assets of USD 169.7 billion."

Source

Banks are still failing, but at least not at the previous recorded rate. Last year 157 banks closed, the year before that 140.

Now this could mean two things, either I have no idea what I'm talking about (which I don't), or US economy is recovering, but very slowly and it still hurts.

"US stock futures point to gains after 6 down weeks"


Stocks are set to open higher on Friday, on track for their first weekly gains after a six-week losing streak, the longest since 2002.

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The US stock has been a losing streak for six weeks, first time it had a gain, why? Is Saudi Arabia working harder to save dollar and safeguard the US economy, as its own survival depends on it? That's one way I see it.



Not long ago OPEC voted against the increasing of oil production, with Iran and Venezuela alliances blocking it. The increase in production was called for by Saudi Arabia. Non the less, even though the vote failed, Saudi Arabia increased production anyways. The increase in production was meant to help the US economy recovery, which explains why Iran, Venezuela and other nations were against it.



....$100 and $120 a barrel is “reasonable.”

That level is at or above present prices and is considered too high by major oil-consuming countries struggling with their economies. And it goes against efforts by OPEC kingpin Saudi Arabia to push prices downward.

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The kingdom pledged last week it would increase production regardless of official OPEC policy after its proposal to lift OPEC output was blocked by seven producers including Iran, Venezuela and Algeria.

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As you can see, Saudi Arabia has taken the matter in to its own hands as OPEC went against the idea of increase production = decrease price.

Also the unemployment rate has decreased in most of the American states, but it has increased in others.



The Labor Department says the unemployment rate fell in 24 states. It rose in 13 states and Washington, D.C, and was flat in 13. That's a significant decline from April, when 39 states reported falling unemployment rates and reflects the national trend in hiring.

Source

This is interesting, Saudi is trying to save US, in response US is saving Saudi hence US drone attacks in support of Saleh in Yemen, and US double face regarding Bahrain, and its deafening silence towards the Saudi imported Mercenaries.

But that is one way of looking at it. In another way, US controls Saudi, and through Saudi, controls other states in the region. This is very interesting times, the economic warfare seems to be playing right in front of us.




posted on Jun, 18 2011 @ 09:32 AM
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The United States does not control Saudi Arabia.


They financed the Pakistani nuclear bomb program in exchange to get some bombs for themselves. To keep us from taking over them.

Prior to Obama being put into office by the CIA....Saudi Arabia was saying they were going to cease accepting US dollars for oil, were starting the "Gulf Monetary Union". They put Obama into office to appease the Saud's...abolished Saudi's debt, gave them their Ground Zero victory mosque for their successful attack on the Trade Towers that were robbing Saudi Arabia...and Obama's given Saudi $60 Billion in military hardware.

To keep them happy we're giving them control of Bahrain and other Gulf States as well.,,The Royal Family that is....the people of Saudi Arabia ALL hate America and Israel and will come after us should the Royal Family be taken out of power.

Saudi Arabia is the ONLY country to kick the United States military out of their country in the last decade. Osama Bin Forgotten wanted the US military out of Saudi Arabia....and he got what he wanted. He won.



posted on Jun, 18 2011 @ 11:33 AM
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'The US economy is recovering' is just one more expression of investment in the old paradigm of slavery. That's what has to change now. The power of the banking cabal has got to be dismantled.



 
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