According to this article, just this past Friday, the government released new data showing that the FDIC’s list of “problem banks” now includes 903 institutions. That’s ten times the number of bad banks on the FDIC’s list just two years ago. The banks on the list have $419.6 billion in assets, or SIXTEEN times the amount of two years ago. And yet, these bad banks are just the tip of the iceberg!
How do we know? Because the FDIC has consistently neglected to include the most endangered species on its list of problem institutions — the nation’s megabanks that are among the shakiest of all.
After reading this article, do you need to be more convinced about the financial devastation that’s heading our way? You need to protect yourself from this – and the best way to do that is to start a gold-backed savings plan, buy gold, and invest in gold today. In fact, those starting their own gold business may actually profit from what’s ahead.