We know the collapse is near, that’s why I’m calling 2012 the Year of Cascading Bank Failures. Extend and Pretend has passed its sell-by date and we need to clean up the books. That will only happen after a sudden and complete failure of the banking system. It’s going to happen very soon. Own some gold, keep some cash and extra food/water. One day soon your bank will close and your checks/credit cards will be worthless.

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