COMMON SENSE

Happy Thanksgiving Day

I wanted to wish everyone a Happy Thanksgiving Day.  Given the political correct climate in America, Thanksgiving Day is a religious holiday for all religions.  For who are you giving thanks too?  The source of all your blessings comes from a “Creator”, who has given every man and women the strength, wisdom, common sense, to prepare for long hard winter ahead.  While you are giving thanks today, are you getting prepared for the long hard times ahead?  In case you don’t know it, the market media matrix controls the major news media outlets, encouraging to spend every dime of your paycheck with after thanksgiving day sales at the malls.  The amount of debt to every American is at a precipice and we are staring at the abyss.  Your family’s future welfare will be decided over the next few months, are you prepared? The national debt is growing at an exponential rate. The American nation debt is at 14 Trillion dollars climbing. IN 2007 our GDP was at 15 Trillion dollars.  We cannot count on our politicians, they have been corrupted by power at best, at worst they have sold our financial future to become an  “American Debt  Slave “ on  Prison Planet.

Economic collapse is all but inevitable.

A  tightly stacked $1000 dollar bills 4 inches high, would equal 1 million dollars.    A billion dollar of tightly stacked $1000 bills would be 333 feet tall.
A a trillion dollars of tightly stacked $1000 bills would be 63 miles tall.

Visualize this fact while driving to grandmother’s for Thanksgiving!  If the trip is less than 63 miles, you can picture in your mind along the road, tightly stacked, Freshly  minted “Grover Cleveland” $1000 bills.  That would equal1 Trillion Dollars.    Currently the national debt is 14 trillion dollars,  so a stack  of tightly packed $1000 dollar bills would equal 882 miles laid out along the road!

** 882 miles is longer than the distance between

• Chicago to Atlanta,
• Detroit to Boston,
• Baltimore and Atlanta,
• Atlanta to Dallas, Tx
• Denver to Las Vegas,
• Salt Lake City to Tacoma
• Tacoma to Sacramento,
• Minneapolis to Oklahoma City

DO YOU GET THE  IDEA!!

A Trillion Dollars is a lot of money.

Enjoy today, bond with your family and your ‘band of brothers‘,  and prepare for the future.

God Bless

Doc

**($1,000,000,000 / $1,000,000 = $1000 bills tightly stacked = 4 inches.     3 tightly stacked $1000 bills would = 1 foot =12 inches) ($1,000,000,000,000/ $1,000,000,000 = 1000.  1000 x 333 feet = 333,000     333,000/5280 feet= 63 miles.) 12 inches = 1 foot, 5280 feet = 1 mile

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By Dave Flessner
Publication: Chattanooga Times Free Press (Tennessee)

With seven so far this year, Georgia leads the nation in the number of bank failures. Regulators have closed a dozen Georgia banks since last August, or more than one of every five U.S. banks shut down since last summer. Bank analysts said the same forces that helped fuel Georgia’s growth now are leading to an increase in bank failures.”Each of the banks that has failed has had a huge concentration in residential construction loans that grew for many years,” said Joe Brannen, president of the Georgia Bankers Association.

Bank analysts said the same forces that helped fuel Georgia’s growth now are leading to an increase in bank failures.

Rex Schuette, chief financial officer for United Community Banks, said many of the troubled banks in Georgia were started over the past decade and a half, when population growth fueled demand for more housing developments, especially in suburban areas around Atlanta or in the retirement havens of North Georgia’s mountains.

“Each of the banks that has failed has had a huge concentration in residential construction loans that grew for many years,” said Joe Brannen, president of the Georgia Bankers Association. Such banks capitalized on Georgia’s population growth — the sixth fastest in the nation — and abundance of investors interested in the financial services industry prior to the past couple of years, Mr. Brannen said.

Because Georgia didn’t allow banking across county lines until the late 1990s, its 159 counties also kept or sprouted many new smaller banks across the state. With a rich tradition of state-charted banks and investors eager to cash in on the state’s growth, Georgia is trailed only by California and Florida — both bigger states — in the number of new banks started in the 21st century, according to FDIC figures.

It seems as if banks in Georgia just can’t seem to stay solvent. This may be turning into a real problem for residents of that state, as many of them could soon have far fewer banking options.

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By JENNIFER HUFFMAN
Register Business Writer

On Oct. 30, a federal regulatory agency, the Office of the Comptroller of the Currency, closed all 17 branches of the San Francisco-based Pacific National Bank. All accounts were immediately transferred to new owner, U.S. Bank of Minneapolis, Minn. “Pacific National Bank no longer exists,” David Barr with Federal Deposit Insurance Corporation said.  According to Barr, Pacific National Bank fell victim to the same problems many other financial institutions suffer from these days — trouble with commercial real estate lending and loans to developers, as well as subprime Fannie Mae and Freddie Mac loans.

Pacific National Bank was one of nine bank subsidiaries of FBOP Corporation of Oak Park, Ill., acquired by U.S. Bank from the FDIC. The transaction included more than $18 billion in total assets and 150 branches in California, Illinois, Arizona and Texas. The Napa branch is located in the new Napa Square building on First Street in downtown Napa.

Since this crisis began in late 2007, there have been 18 bank failures in California, mostly in Southern California. The FDIC lists 416 banks on its problem …

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