In 2008 our banks lost 4.6 trillion in real estate and have only 1.4 trillion in assets. In theory our banks are insolvent, but the US government is infusing trillions via treasury note sales and printing of dollars. The government is barely covering the bank losses to avoid financial collapse and civil disorder. In 2009, commercial real estate will collapse as stores and offices close from the recession, and as unemployment rises, defaults on credit card debts will rise. The banking system will be hit by these new financial crisis. Question is can the federal government replenish these banks again or will they be overwelmed causing a total collapse of the world and US financial system. My recommendation to all freepers is to go into survival mode. Organize your family and street, and if possible town for the coming crisis. Stock food, guns and ammo, water and get organized. Wash DC is clueless and are in no position to save you.
Well, they don't know that it may take a while but when Americans blow, it will be big.