Corroborating with mainstream media articles, Benjamin Fulford, and the general trend I alluded to in my article “2012: The fall of the US Dollar Hegemony,” Jim Sinclair gives an interview with Martin Ellis which states 5 major US financial institutions will go bankrupt this week.

To set this up, first read what Benjamin Fulford stated December 20th, 2011:

Some very big banks have certainly lost more money than exists in the real world. Every year January is a month for settlements of accounts among major banking players. January of 2012 is going to be a very interesting month. The talk is that Citibank, J.P. Morgan and Bank of America are among the doomed entities. Then of course there is the universal disgust at Goldman Sachs that is not going to go away quietly.

Taken together with a sky-rocketing debt ceiling, a failing Eurozone, and increasing awareness of the fraudulence perpetrated by fiat paper dollars and you have the perfect storm for a MAJOR credit event.

According to Jim Sinclair, there is an absolute media blackout on this issue making this a must-listen interview: