Jim Sinclair’s Commentary

FDIC confirmed that the most recent Georgia Bank failure that will cost them $800 million to $1 billion was not on their troubled bank list.

There was a 12 fold increase in the number of non functioning loans in 30 days at this institution.

That has to be quite scary that there are banks capable of failing that are not known or even suspected.

Banks have a tendency to refuse to categorize loans as non performing until there is no light at the end of a false tunnel.

The dollar is NO safe haven.