Double post, sorry

[edit on 6/21/09 by silent thunder]

Sunday, June 21, 2009
Bank Holiday Coming? Prepare?


>From Harry Schultz:
Dear Bob:
Bob Chapman’s Int’l Forecaster newsletter revealed (5/20) this startling intelligence (from within US State Dept & embassies):

”Some US embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of US cash to purchase currencies from those govts, quietly. But not £’s. Inside the State Dept there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.”

Bob quotes another source that “Panasonic has told their people to be back in Japan by Sept 09.”

Harry Schultz, dean of newsletter writers, has quoted the Chapman letter of May 30 regarding US embassies being sent large amounts of cash with which to buy local *currencies, to last them a year. Here is Harry’s remarkable take on the situation:

“My HSL suspicion is that the elite plan another FDR style “bank holiday” of indefinite length, perhaps very soon, to let the insiders sort-out the bank mess which is getting more out of their control every day.*Insiders want/need to impose new bank rules. Widespread nationalization could result, already under way. It could also lead to a formal US$ devaluation, as FDR did by revaluing gold (& then confiscating it). But devalue against what? The euro? Doubtful. Gold? Maybe. Or vs. the IMF basket of currencies (which seems more likely)—& much in the news recently. Any kind of bank holiday will push the US$ lower, which may be a bonus benefit to their ongoing scenario of letting the $ fall. Such a fall would get the devaluation they want without having to declare it. In sum, the insiders want more bank & system control, fewer banks & a lower US$. A bank holiday would suit all their needs.

Obviously, U can’t open safeboxes if the banks are closed, so plan accordingly. All this is speculation, but we have to go with what we’ve got, scraps of info that point to certain possibilities. In any case such a closure will, IMO, come sooner or later, as the worst of the embedded derivatives are still to be faced. We are years away from solving them because the controllers don’t want to; their fingerprints are all over them. ***

PS: during the FDR bank holiday, 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.

••• *PPS: A Bob Chapman subscriber reported overhearing 2 FEMA jacketed men talking to a police chief in Calif. They wanted to federalize the police across the US. They (govt) would be closing banks in late Aug, early Sept & that it will get ugly.” Prepare for worst case, as any good Boy or Girl Scout would do. J”

The speed with which everything is happening should be waking up even the most skeptical, unless willingly blind – Cap and Tax (Trade) is the biggest power grab by our government that we have ever witnessed. Through it they will be able to regulate almost every energy consuming activity. Add to this Single Payer socialized medicine and WHAT you eat as well as WHAT you do will be under regulatory control of the government as it effects your health.

Originally posted by SGTChas
The speed with which everything is happening should be waking up even the most skeptical, unless willingly blind – Cap and Tax (Trade) is the biggest power grab by our government that we have ever witnessed. Through it they will be able to regulate almost every energy consuming activity. Add to this Single Payer socialized medicine and WHAT you eat as well as WHAT you do will be under regulatory control of the government as it effects your health.

Today's vote will be remembered years down the road as the instrument that broke the constitution of the united states. This effectivly puts EVERYTHING that uses power under government control. Now our government owns large interests in nearly everything but health care,and that's next. We are screwed to the wall with this last Cap & Tax vote.

Originally posted by SGTChas
The speed with which everything is happening should be waking up even the most skeptical, unless willingly blind – Cap and Tax (Trade) is the biggest power grab by our government that we have ever witnessed.

You do realize utilities have 40 years to comply right? That means more nukes, solar, wind, hydro, geothermal etc... And that cap and trade already been done before quite sucessfully in this country? And that all of this is barring the advent of fusion or other technologies such as room temperature superconductors (high tension lines) that will ultimately benefit energy production as well.

Originally posted by SGTChas
Through it they will be able to regulate almost every energy consuming activity. Add to this Single Payer socialized medicine and WHAT you eat as well as WHAT you do will be under regulatory control of the government as it effects your health.

That is pure conjecture only.

Originally posted by miragezero

You do realize utilities have 40 years to comply right? That means more nukes, solar, wind, hydro, geothermal etc... And that cap and trade already been done before quite sucessfully in this country? And that all of this is barring the advent of fusion or other technologies such as room temperature superconductors (high tension lines) that will ultimately benefit energy production as well.

So your saying that the government regulation don't go into effect for 40 years? No money changes hands for 40 years? Why would they waste time passing a law that doesn't happen for 40 years? Sounds decidedly un-governmental to me.

Originally posted by SGTChas
Through it they will be able to regulate almost every energy consuming activity. Add to this Single Payer socialized medicine and WHAT you eat as well as WHAT you do will be under regulatory control of the government as it effects your health.

That is pure conjecture only.

Conjecture wouldn't equate with false. So I notice you're NOT denying what he said.

I did answer you, but you reckon correctly; this is over. Farewell.

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Great Post S & F for you. Couldnt have said it any better.