Banks Are Still Failing At Ten Times the Pre-2008 Crash Rate
[Excerpted] "In the five years before the 2008 crash, only 10 banks failed in the United States. Let me repeat that: ten banks went belly up in the entire period between January 2003 through December 2007.
Since January 2008 through today, the Federal Deposit Insurance Corporation shows 487 banks have failed, with 22 failures just so far this year. With an average of two bank failures per year in the five years before the crash, that means banks are still failing at 10 times the pre-crash rate. But the numbers get worse from there.
While the FDIC shows 487 banks have failed, other data at the FDIC show that a total of 1,306 banks have disappeared since March 31, 2009...Now fast forward to June 30, 2013. According to FDIC data, the 8,246 banks and savings institutions have melted away to a new total of 6,940. Bank of America, JPMorgan Chase, Wells Fargo & Co. and Citigroup, now control a combined $3.511 trillion in domestic deposits, a stunning 58.8 percent of all 6,940 U.S. banks’ domestic deposits of $5.966 trillion. The market share of these four giants has increased by an astonishing 24 percent in just 4 years
The reason we continue to see a dramatic decline in total numbers of banks and savings institutions is that the regulations imposed on the community banks.....is forcing many to merge with larger banks to be able to afford the dramatic increase in compliance costs." [full article at link]
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This post actually follows up on this one from five years ago: 'Superbanks' to Dominate Globe/People 11-6-08 "Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America, JPMorgan Chase and Wells Fargo"...The 'global financial catastrophe' disappeared from the network/cable bureau of propaganda news shows just long enough to lull the masses back into Obama hysteria for the election, but that's finished and now it's time to close the deal on the 'new world order' financial system...Three banks dominate the industry, we're told. What we're not told is that those three banks are already controlled ultimately by the same people..i.e. Federal Reserve...and that they have no intention other than global financial control...." [see post]
Like a computer virus running silently in the background, what was unleashed on the global financial landscape by the scripted so-called global financial crisis of 2008 continues to accomplish that for which is was devised, namely, to consolidate all the wealth of the land into the hands of the controllers of just a few 'superbanks'. The 'global financial crisis' was crafted, new regulations [link] were then imposed to 'fix' the supposed crisis, and ever since, the independent banks have been quietly vanishing, as detailed in the above article.
The world can never be controlled without first taking absolute financial control of it. That is exactly what is being done. It is the building of the 666 no man can buy or sell without the mark or the name or the number of his name beast system [Rev. 13:16-17], and you are an eye-witness to the fact.
Regardless of how well things may be going today for any individual, which lulls to sleep, up ahead...the road is washed out. One year, five years, ten years...or more, it will come to pass, exactly as foretold in the inerrant Word of God. Beware, prepare [Luke 21:35-36].
Rev. 18:4
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Ezekiel 7:19 'They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD'
[Excerpted] "In the five years before the 2008 crash, only 10 banks failed in the United States. Let me repeat that: ten banks went belly up in the entire period between January 2003 through December 2007.
Since January 2008 through today, the Federal Deposit Insurance Corporation shows 487 banks have failed, with 22 failures just so far this year. With an average of two bank failures per year in the five years before the crash, that means banks are still failing at 10 times the pre-crash rate. But the numbers get worse from there.
While the FDIC shows 487 banks have failed, other data at the FDIC show that a total of 1,306 banks have disappeared since March 31, 2009...Now fast forward to June 30, 2013. According to FDIC data, the 8,246 banks and savings institutions have melted away to a new total of 6,940. Bank of America, JPMorgan Chase, Wells Fargo & Co. and Citigroup, now control a combined $3.511 trillion in domestic deposits, a stunning 58.8 percent of all 6,940 U.S. banks’ domestic deposits of $5.966 trillion. The market share of these four giants has increased by an astonishing 24 percent in just 4 years
The reason we continue to see a dramatic decline in total numbers of banks and savings institutions is that the regulations imposed on the community banks.....is forcing many to merge with larger banks to be able to afford the dramatic increase in compliance costs." [full article at link]
-------------------------------------------
This post actually follows up on this one from five years ago: 'Superbanks' to Dominate Globe/People 11-6-08 "Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America, JPMorgan Chase and Wells Fargo"...The 'global financial catastrophe' disappeared from the network/cable bureau of propaganda news shows just long enough to lull the masses back into Obama hysteria for the election, but that's finished and now it's time to close the deal on the 'new world order' financial system...Three banks dominate the industry, we're told. What we're not told is that those three banks are already controlled ultimately by the same people..i.e. Federal Reserve...and that they have no intention other than global financial control...." [see post]
Like a computer virus running silently in the background, what was unleashed on the global financial landscape by the scripted so-called global financial crisis of 2008 continues to accomplish that for which is was devised, namely, to consolidate all the wealth of the land into the hands of the controllers of just a few 'superbanks'. The 'global financial crisis' was crafted, new regulations [link] were then imposed to 'fix' the supposed crisis, and ever since, the independent banks have been quietly vanishing, as detailed in the above article.
The world can never be controlled without first taking absolute financial control of it. That is exactly what is being done. It is the building of the 666 no man can buy or sell without the mark or the name or the number of his name beast system [Rev. 13:16-17], and you are an eye-witness to the fact.
Regardless of how well things may be going today for any individual, which lulls to sleep, up ahead...the road is washed out. One year, five years, ten years...or more, it will come to pass, exactly as foretold in the inerrant Word of God. Beware, prepare [Luke 21:35-36].
Rev. 18:4
------------------------------------------------------------------------
Ezekiel 7:19 'They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD'
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