Is Your Bank Safe? This Complimentary 10-Page Report Can Help

Please read the following Bloomberg news item carefully. It has a direct impact on the safety of your money.

Sept. 24 (Bloomberg) -- In May, the FDIC said it was projecting $70 billion of losses during the next five years
due to bank failures. The agency said it expects most of those collapses to occur in 2009 and 2010.
The FDIC’s problem is that it didn’t collect enough revenue over the years to cover today’s losses.
The blame lies partly with Congress. Until the law was changed in 2006, the FDIC was barred from charging premiums
to banks that it classified as well-capitalized and well-managed. Consequently, the vast majority of banks weren’t
paying anything for deposit insurance.
Of course, we now know it means nothing when the FDIC or any other regulator labels a bank “well-capitalized.” Most
banks that failed during this crisis were considered well-capitalized just before
their failure.

By the end of 2009, more than 130 banks will have failed. Most depositors will have little clue their bank was even
at risk. Worse yet, the string-pullers in Washington are doing everything in their power to hide information about
the safety of your bank from you.
So far, the FDIC has had enough money to cover insured depositors. But that money is quickly running out.
Just last week, the FDIC voted to mandate early payment of insurance premiums to help cover at-risk banks. Here's
what the Associated Press reported on Thursday, Nov. 12:

WASHINGTON (AP) -- U.S.
banks will prepay about $45 billion in premiums to replenish a federal deposit
insurance fund now in the red, under a plan adopted Thursday by federal regulators.
The Federal Deposit Insurance
Corp. board voted to mandate the early payments of premiums for 2010 through 2012.
Amid the struggling economy and rising loan defaults, 120 banks have failed so far this year, costing the insurance
fund more than $28 billion.

Worse yet, three more banks failed the very next day, Friday, Nov. 13.
This is a very real problem and a direct threat to your money. It's more important now than ever to personally ensure
the safety of your bank. The free 10-page "Safe Banks" report from our friends at Elliott Wave International
can help.
Inside EWI's revealing free report, you'll discover:

• The 100 Safest U.S. Banks (2 for each state)
• Where your money goes after you make a deposit
• How your fractional-reserve bank works
• What risks you might be taking by relying on the FDIC's guarantee

Please protect your money. Download the free 10-page "Safe Banks" report now.
Learn more and download
the "Safe Banks" report now.

Charts Updated

Some charts were no longer displaying correctly, this issue is now fixed [ more ]

Merry Christmas

Trade financial markets with fixed odds betting, and get a £20 Free Bet to try! (Click on Banner to go to BetonMarkets.com) [ more ]

08/09/2011 - Bull Market In Gold Over With Double Top?

A few weeks ago I penned a public article and private forecast for my subscribers calling for a major correction in Gold being due. 72 hours after my forecast, Gold [ more ]