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Impending Bank Holiday - The Collapse of The US Dollar
This Bank Holiday is no 'Holiday' at all, but one similar to
that engineered by FDR in March, 1933 which finished the collapse of
the World's economy. Another forced “bank holiday” will likely lead to
a formal devaluation of the already broadsided U.S. dollar. But
devalue against what? The euro? Doubtful. Gold? Maybe, but highly
doubtful - or, devalued against the IMF basket of currencies, which is
more likely. When I posed the question of the actual reality of such an
event occurring to several of my sources including those within several
Federal Agencies (CIA, FBI, Attorney Generals office, DHS) I received
the following statement almost verbatim from each and every one of them
- "The way it will come down is that starting 8/24, no later than Labor
Day, groups of banks will be closed in certain regions of the country
for a week or so. They will open again, and then other groups of banks
in different regions will be closed; and on and on it will go, until
all the banks in the country have gone through that process.
The banks will be opened with a new global currency. Indeed, the ratio
will be 1 to 6, or 1 to 12. Thus, if you had formerly $6M in the Bank,
after a ratio of 1 to 6 with the new currency, you will get 1M value in
the supposed new legal tender. Or, for us 'working class' folks, our $6
will now be $1"! The upside, if it could actually be called that - all
debt goes away, your mortgage, your credit cards, all loans, everything
- the downside - all savings in any institution also goes away; no
stocks, no savings accounts, no 401K’s, it’s all gone.
Everything....................
Last year employees at the Denver mint released information that a huge
amount of money (I know, they make metal, but as part of the treasury,
it could have been paper as well) had been sent to a particular bank in
China.
The employees stated that it was not dollars.
A photo also surfaced of the shipment, and the report said
the mint was investigating as to the source of the leak, as they were
concerned about the stability of the dollar.
What little faith in the Government that remained has been shattered in
the last 6 months. Anxiety that was palpable all spring has now turned
to outright anger in the summer. It’s under the heading “health care” –
but its about everything. If we get collectively spooked this fall like
we did last fall, bank runs are feasible. Which makes a bank holiday
feasible.
We already know banks are hoarding. They have taken stimulus money to
make loans and open up credit and that hasn't flowed down very well,
has it now? So where’s the money?
And do remember, if it doesn't happen during the suggested dates, it
WILL happen in the future. For all the smoke being blown in our faces
about how well the economy is doing and how it is “recovering,” you and
I both know that’s utter nonsense. Commentators and pungets are
forgetting some crucial aspects of the financial crisis. The crisis is
not simply composed of one bubble, the housing real estate bubble,
which has already burst. The crisis has many bubbles, all of which
dwarf the housing bubble burst of 2008. Indicators show that the next
possible burst is the commercial real estate bubble. However, the main
event on the horizon is the “bailout bubble” and the general 'world
debt bubble', which will plunge the world into a Great Depression the
likes of which have never before been seen. Make sure and stock up on
staples needed to feed the family because inflation is about to get
completely out of hand. If you think things are expensive now, you
haven't seen nuthin’ yet.
If you think about it it inflation is actually good for the tax man.
Things cost more, the government collects more tax money on the total.
We all know we are dealing with a bottomless pit with an insatiable
need to shake people upside down and empty their pockets. The Fed has
flooded the market with Funny Money for many years - money backed by
'thin air'. It’s money that has been borrowed against the next two
generations’ future, and money they have printed with no gold standard
behind it. Don’t get caught playing with Monopoly money. When real
inflation hits, regular people won’t be able to afford much. And if we
have learned anything this year, it’s that the middle class is always
screwed, and the screwer is always our Government.
The only real way that the U.S., or the rest of the world for that
matter, gets out of all this debt is to declare bankruptcy. At that
point they will replace all the money of all the different countries
with a new ONE World currency , which by the way the new Russian leader
(Putin’s hand picked puppet) held up and showed at the G8 summit a
couple of weeks ago.
This is eventually going to happen - they thought in 1928, then again
in 1932 that such a financial collapse could not occur. Well???? There
is NO WAY all this debt will ever be paid back! They just keep digging
the hole deeper and deeper. It’s all a giant ponzi scheme like Madoff
was running - and always has been.
The Federal Government is expecting riots in bank foyers, in the
streets and so on and ultimately plans on imposing martial law - the
excuse they have been looking for since 9/11. They also stated that
there would be road closures and checkpoints including blocking off
back roads preventing anyone from traveling using those - we shall see
about that. Oh yes, they'll attempt to grab all registered gun owners
guns and ammunation after the declaration of Martial Law.
As a boy, my Grandfather would pull a Morgan twenty dollar gold piece
out of his pocket and say to me, "remember, there are only two forms of
currency that have never been devalued in 6,000 years of written
history, gold and silver". My suggestion is that any of you who have
much money in the bank might want to consider changing some of it to
gold & silver coins, Swiss francs or some other safer currency
before the end of August. At the least, take most of it out and keep
it, for the moment, in dollars.
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FDRs' Engineered “Great Depression"
On March 5, 1933, in the depths of the banker engineered
“Great Depression,” newly elected Franklin Roosevelt declared a “bank
holiday” that forced banks closed for four days. Roosevelt then rammed
the Emergency Banking Act through the legislature. Passed by Congress
on March 9, the act granted FDR near dictatorial control over the
dealings of banks. It also allowed the Secretary of the Treasury the
power to compel every person and business in the country to relinquish
their gold and accept paper currency in exchange.
On March 10, Roosevelt issued Executive Order No. 6073, forbidding
people from sending gold overseas and forbidding banks from paying out
gold. A few weeks later, on April 5, Roosevelt issued Executive Order
No. 6102 ordering Americans to deliver their gold and gold certificates
to the Federal Reserve bank in exchange for paper fiat money.
In other words, FDR engaged in one of history’s greatest rip-offs -
that is until now.
FDR not only ripped-off the American people, but foreigners holding
dollars as well, thus ensuring the “Great Depression” would spread
around the world like a bankster engineered contagion.
As Schultz notes, another forced “bank holiday” will likely lead to a
formal devaluation of the already broadsided U.S. dollar.
“But devalue against what? The euro? Doubtful. Gold? Maybe. Or vs. the
IMF basket of currencies,” which he feels is more likely.
In fact, this is precisely what the globalist have in mind. In March,
the media reported the IMF was poised print billions of “global
quantitative easing” dollars to be dubbed global “super-currency” to
address the (bankster engineered) economic crisis.
“The principle behind it is that everyone would get bonus dollars and
instead of the Federal Reserve having to print them, everyone gets
them,” declared Simon Johnson, former chief economist at the IMF.
Can you say inflation?
It is no secret the elite have envisioned a global currency for some
time now. In 2007, the director of international economics at the
Council on Foreign Relations stated that the dollar and the euro are
but temporary currencies.
“It is the market that made the dollar into global money – and what the
market giveth, the market can taketh away. If the tailors balk and the
dollar falls, the market may privatize money on its own,” Benn Steil
pontificated.
More like the banksters taketh away - and not only money but national
sovereignty as well because a global currency will demand an end to
“monetary nationalism.”
Or as Richard N. Haass, president of the Council on Foreign Relations,
has said,
“states must be prepared to cede some sovereignty to world bodies if
the international system is to function.”
Mr. Schultz believes a “bank holiday” would suit the burning desires of
the international bankster elite.
It will lead to “nationalization,” which is a polite word for brazen
thievery. It will allow the government - owned lock, stock and barrel
by the global elite and run by their corrupt whores and cronies - to
rape secured creditors and bondholders. Nationalization is the
unfettered process of grabbing up of insurance companies, mortgage
companies, banks, medical care, and car companies and handing them over
to the monopoly men.
During the FDR “bank holiday,” Schulz notes,
“thousands of banks never reopened; it was a face-saving way of
shutting them down. I would guess the same would occur today; thousands
have little or no net value, loaded with debt, bad mortgages.”
In order soften the nation up for the coming pillage, the Obama
administration has proposed a plan to give the privately-owned and
unaccountable Federal Reserve complete regulatory oversight across the
entire U.S. economy.
The new rules would see the Fed given the authority to “regulate” any
company whose activity it believes could threaten the economy and the
markets - that is to say if it “threatens” the monopolistic interests
of the bankers.
“Obama’s regulatory ‘reform’ plan is nothing less than a green light
for the complete and total takeover of the United States by a private
banking cartel that will usurp the power of existing regulatory bodies,
who are now being blamed for the financial crisis in order that their
status can be abolished and their roles handed over to the all-powerful
Fed,” write Paul Joseph and Steve Watson.
“The government is ready to hand over everything to a monolithic
private corporation and a gaggle of bastard banker offspring, that have
gobbled up an amount close to the entire GDP of the country in
taxpayers’ money and figuratively stuck the middle finger up regarding
questions over where that money has gone.”
A “bank holiday” would work wonders for any “regulation” the Fed and
the bankers have in mind. It would compliment the criminal
consolidation now underway. It would allow them to finally and formally
devalue the dollar and usher in a global “super currency” of control
and enslavement.
A Bob Chapman subscriber added a little dinger to the prospect of the
banks going dark.
The subscriber claims to have overheard two men in FEMA jackets talking
with a police chief in California, all who agreed that the
federalization of police around the country - a process largely
complete - will be required if the banks are shuttered in late August
or early September because it will get “ugly” out there.
No doubt. Because the sort of enduring and polite American who
weathered the “Great Depression” is now in seriously short supply.
If Mr. Schultz’s prediction is correct, we can expect riots in bank
foyers and ultimately martial law to be imposed.
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