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19 June 2009 Dear Trends Journal® Subscriber,
Empire America is on the verge of collapse. Its social, economic and political systems, outdated and ill-equipped, can not cope with the current crisis. While the Empire's decline has been long in the making, the acceleration of policies leading to that decline are reaching the point of no return, not only for America, but for the World. The Summer 2009 Trends Journal® is largely devoted to this mega-trend, and its ramifications and implications that will reverberate across the globe.
Thus, not only the obvious future of geo-economics and geo-politics is at stake, but environmental, scientific, health and cultural trends globally will also be affected by what happens in America. We view this as an emergency situation. In this issue we provide the background necessary to understand and navigate the global crisis. In our Autumn issue we will forecast and analyze a wide range of specific trends, all of which will be impacted by the current emergency.
Sincerely, Gerald Celente
Sunday, June 21, 2009
Bank Holiday Coming? Prepare?
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.