 |
If you like our blog, click on the "Like" button below. Once you do, you will get FREE Instant Access to the Killer Patterns Trading System that uses MACD Histogram with different chart patterns to make entry and exit decisions. |
Our friends at Elliott Wave International have just released a free 34-page eBook, Understanding the Fed. It’s the free report the Federal Reserve doesn’t want you to read!
This eye-opening free report, which represents more than 10 years of research by Robert Prechter, goes beyond the Fed’s history and government mandate; it digs into the Fed’s real motivations for being the United States’ “lender of last resort.” In this 34-page report, you’ll discover how the Fed’s actions, combined with public outrage, may ultimately lead to its demise, plus much more about its secret activities and how it affects your money.
Download your free copy of EWI’s Understanding the Fed eBook, here.
Is Your Bank Safe? This Complimentary 10-Page Report Can Help
Is Your Bank Safe? More than 130 banks will have failed by the end of 2009. What if your bank fails? Did you know you could be left in the lurch for days, weeks, even months before you get your money back from the FDIC? What happens if the FDIC can’t cover your funds? How do you find a safe bank to protect your deposits right now? Find answers to these questions and more in the original “Safe Banks” report from Elliott Wave International. Learn more and download your free report now. 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.
Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled
Elliott Wave International (EWI), the world’s largest market forecasting firm, has re-released Bob Prechter’s 10-page market letter, FREE! Downloaded thousands of times in its original launch, EWI has put it back online for a limited time! Wall Street Legend and best-selling author Bob Prechter reveals 28 answers to questions you may not know to ask and the government definitely doesn’t want you to know.
You’ll read blunt commentary and sharp analysis that reveals the truth about what’s really going on in the U.S. financial markets, in Congress, and at your very own bank. As the U.S. government pulls a sleight-of-hand trick on the unsuspecting public, you can break the cycle of misinformation by reading this 10-page report.
Click Here to Get Your Free Report
Warning: Prechter’s answers to these questions may shock you.
- What impact did the so-called “stimulus package” have on the U.S. economy?
- In an economic depression, will pension funds keep most retired Americans afloat?
- Who really benefits when the government props up Fannie Mae and Freddie Mac, and what’s the fraud behind the idea of “too important” to fail?
- Who does the government consider to be homeowners: you and your neighbors, or the banks that hold the deeds?
- Who really endorsed the emergency Housing Act – and who will be hurt by it?
- Can the Fed keep making loans to banks forever?
- Is it actually against the law in some states to warn people of potentially dangerous banks?
- And many more!
Don’t wait! Get this free report that readers are calling “a wake up call to lots of Americans.”
Click Here to Get Your Free Report
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Comments