Economics and Investing:

Tsipras Betrays Referendum, Sells Out to the Banks – H.L.

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China Stocks and the New York Stock Exchange Shutdown: The Untold Story – H.L.

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It’s Not If But When the Government Seizes Private Retirement Savings – B.B.

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Brief interview w/Paul Craig Roberts. This is the best analysis of the E.U./Greek crisis you’ll hear. Why can’t a few more people step forward and frame this thing as plainly as P.C.R.? The whole interview is a grand slam homer, but if you can only listen for five minutes, minute 12 to minute 17 draw the picture well enough. -D.W.

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SurvivalBlog reader G.H. prepared a spreadsheet of bank closings since 2001. It’s quite an eye opener, as you can see from the summary here.

Year

Bank Failures

Link

President

2015

?

source

Obama

2014

18

source

Obama

2013

24

source

Obama

2012

51

source

Obama

2011

92

source

Obama

2010

157

source

Obama

2009

140

source

Obama

2008

25

source

Bush

2007

3

source

Bush

2006

0

source

Bush

2005

0

source

Bush

2004

4

source

Bush

2003

3

source

Bush

2002

11

source

Bush

2001

4

source

Bush