Gerald Celente of trends research predicted runs on banks will occur in February of this year. I believe that prediction was made in the middle of 2008.

Today we have 4 more banks that have gone under making 13 so far this year. It should be clear to the American public that the biggest banks are insolvent. We will most likely see a lot of banks, store chains, malls, restaurants, etc. closing in the near future.

With deflation it might make sense to hide money in your mattress instead of a failing bank. At least move your money to a local bank that has no CDS, MBS, SIV or other toxic asset exposure. That means out of Citibank or Bank of America for sure.

Then there is the stock market, which is starting to look like the 1930’s. Use of this chart as a guide might be useful: