Jim Sinclair’s Commentary
Three so far this week.
Bank Closing Information – November 19, 2010
These links contain useful information for the customers and vendors of these closed banks.
First Banking Center, Burlington, WI
Allegiance Bank of North America, Bala Cynwyd, PA
Gulf State Community Bank, Carrabelle, FL
Jim Sinclair’s Commentary
Incapacity due to gridlock is now the definition of Washington’s ability to handle a second banking crisis that is certain to come. This is the "why" of QE even though it is itself a guarantee of hyperinflation.
The entire pressure will be on the Fed who possesses no other alternative. At this time the application of austerity is more dangerous.
The entire Western world will go with QE to infinity no matter what the call is or how they camouflage it. Gold will trade at $1650 and beyond.
Washington’s efforts can been seen in the red circle.
Jim Sinclair’s Commentary
No matter how difficult things are be sure to keep your feet on the ground.
