Batten Down the Hatches - Bank Stress Test

Many people involved with following the economic news as of late, has heard that the government is going to place the banks of the US under a stress test. This test is to simulate what would happen if we had further economic strife with bank runs and defaults rising. The results are in, and the top 19 banks as well as over 1800 regional banks are technically insolvent. What this means is that these facilities are so overlevereged that they don't have all the capital needed to supply everyone with their money. If only 2 of the top banks fail then they will force the FDIC into failure as they do not have the money needed to insure all of other banks.

So the FDIC that insures all of our banks and money can only pay for 2 banks. Think about that like a cruise liner sinking. There is only enough room to take 2 passengers on the lifeboat, hope they pick the right ones. The rest of the passengers have to swim for it in shark infested water.

I'm tired of being pushed under the rug. I'm tired of the government telling us one thing to make us think that we are all rosy and healthy. I'm tired of people thinking that the recent rally is a new bull market. I'm tired of banks, the rich, government, thinking that they know more than we do, and that they have our best interests at heart. Bullshit to all of that!!

The only thing that we can be sure of is that precious metals will go up, commodities will go up, the dollar will be wiped clean, and the government will spend more of my money and lie to my face. Shame on them! That's appalling behavior for the "most powerful nation in the world". Hogwash! We've lost that title and the only way to get it back is to fight smarter and work harder. Be creative, stop buying foreign oil, think better, and get away from the political boondoggles that stop us from advancing our nation and lives.