{"id":14518,"date":"2010-10-31T00:00:13","date_gmt":"2010-10-31T04:00:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14518"},"modified":"2010-10-31T00:00:13","modified_gmt":"2010-10-31T04:00:13","slug":"bank-seizures-and-the-usd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/31\/bank-seizures-and-the-usd\/","title":{"rendered":"Bank Seizures and The USD"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<p>138 banks seized this year in the  United States signals a still-dismal outlook for the upcoming fiscal  year. With all the effort made to stabilize the economy the banks are  still failing and being seized by the FDIC that then has to cover any  losses a bank customer sustains over $100,000.00 assuming the bank is  insured. Smaller banks are especially at risk due to their lower  holdings and overall lack of outside support. While not as crucial to  the overall economy as larger banks smaller community based banks offer  specialized services to their customers and are more likely to support  small business.<\/p>\n<p>Small businesses in America are suffering more at the moment than in any  time in history since the great depression, by allowing these small  banks to fold we are encouraging further damage to small businesses. As  this happens the value of US currency would of course drop as well. I  would also like to point out that as small businesses and small banks  fold their property and market share is consumed by larger entities,  once these entities have a monopoly prices will rise exponentially. The  supposed goal of capitalism is to foster the ability for anyone to be  able to pursue their dreams if they work hard and play by the rules.<\/p>\n<p>It is the goodwill of other people and businesses that enable those  suffering through hard times to persevere. It is this ideal that has  enabled many businesses to survive in the United States. By allowing  these support systems to collapse we are encouraging a very dark time  for the United States and its currency. As traders we should look upon  the upcoming G20 summit and the results therein as encouraging because  any change is good change, however I think everyone would breathe a sigh  of relief if the little guy could win once in a while, I know I would.  Happy trading.<\/p>\n<h3>About the Author<\/h3>\n<p>Author is a Forex trader and financial analyst residing in  Denver, Colorado. To stay up to date on all the latest developments in  the financial world and beyond be sure to check out the <strong><a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\">forex exchange rates<\/a><\/strong> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>138 banks seized this year in the United States signals a still-dismal outlook for the upcoming fiscal year. With all the effort made to stabilize the economy the banks are still failing and being seized by the FDIC<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14518","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14518"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14518\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}