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Banking Collapse Underway

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SteveQuayle.com

Steve:

My company’s 3 largest Accounts Receivable Balances are from Bank of America, JP Morgan Chase & Wells Fargo. In August they did not pay us as much as they should have, in September it is worse. I am talking about low 8 digits in receivables and climbing. Please pass this information along to Doug & Joe Hagmann. Doug talks about getting hundreds of emails thought you are more likely to catch this. It is a piece of the puzzle of the banking system cratering and a BIG sign they have cash flow problems. G_D Bless you and the Hagmanns and I pray for you and am a regular podcast listener of their show.

http://www.stevequayle.com/index.php?s=33&d=152



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    Total 8 comments
    • Anonymous

      And now Chase has said that their website and mobile access will be down Saturday and Sunday. Could they be setting up a mini bank holiday? All they have to do is close their branches for a day. Convenient timing given the announcement of their pending litigation.

      Keep your eye on this!

    • Surviving Global Recession

      My mission is clear, prepare family, friends & all who will listen, prepare for survival in a hyperinflationary economy!

      http://survivingglobalrecession.com

    • Anonymous

      What kinda fool is still banking with BoA, Wells or JPM?

    • Supernibiru1

      The Bank of Mattress is the best bank in the WORLD…..Bar None!!!

    • webtrekker

      The Bank of Mattress …

      So you stick a million dollars under your mattress and the Banks collapse overnight rendering the value of all paper money worthless. What good is your mattress stash now?

      Also, what good will even gold, silver and other precious metals be when the common currency will be food, water and medication?

      People need to do some real THINKING for themselves and not just follow the ‘awakened’ sheeple who think they know all the answers and are one step ahead.

    • Anonymous

      That is one vague article with no supporting evidence I would not lose any sleep over it.

    • truthseekerinmo

      I have been warning friends and family members for a year that the end of this
      year (not Dec 21st) but starting now, our usual way of life will be dramatically
      changed. It will be a very bumpy ride. Has nothing to do with who is the next
      president because these changes will occur regardless. In late 2007 the process
      was started and the collapse that was supposed to happen was only postponed
      because of the bailouts Obama did to stop the slide over the cliff. All the parties
      involved, politics through Wall Street, have not changed their way of doing business
      and will take us over that cliff. Toss in the Euro drama and you have a perfect
      storm. Now you also can add Turkey using military force in Syria, and protests
      in Iran. Bad karma.

    • Anonymous

      Bring It!!

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