who want to dine with the devil need a spoon with a very long
anonymous HTL subscriber
are on the verge of a global transformation. All we need is
the right major crisis and the nations will accept the New
David Rockefeller (global megalomaniac)
AN IMPORTANT LAWSUIT AGAINST W.H.O. AND U.N. OVER SWINE FLU
SHOULD BUT DOES NOT CAPTURE MEDIA ATTENTION $$$. This
case is worth watching. The backdrop is a planned July release
date approaches for A/H1N1 flu pandemic vaccine by Baxter
Austrian investigative journalist named Jane Burgermeister
is trying to warn the world that the greatest crime in the
history of humanity is underway, a designed mass genocide.
Burgermeister has filed criminal charges with the FBI against
the World Health Organization (WHO), the United Nations (UN),
and several high ranking government and corporate officials.
She makes charges of conspiracy to commit bioterrorism
and mass murder. She has prepared a formal injunction against
forced vaccination to be filed in the United States. These
actions follow other charges filed by her in April against
Baxter Labs and Avir Green Hills Biotechnology, both of Austria,
for producing contaminated avian flu vaccine, where she alleged
deliberate acts were taken to cause a global influenza outbreak
that profits from a pandemic.
complete dossier of the June 10th complaint is a 69-page document
presenting evidence to substantiate all charges, a
very thorough accusation.
This includes: a) time lines and incidents, b) formal definition
of Swine Flu as bio-weapons with government classification
and restriction of vaccines, c) the unnatural genetically
designed nature of Swine Flu from laboratories to mimic the
Spanish virus of 1918, d) deliberate virus release in Mexico
City after President Obama was already vaccinated, e) role
of Baxter and the WHO in its production and release, f) role
of Baxter, Novartis, National Microbiology Lab of Canada,
NIBSC of the United Kingdom, and the Center for Disease Control
in the US in covert bio-weapons networked research with planned
virus contamination of vaccines, g) manipulation of disease
data by the WHO with motive to declare pandemics, h) cover-up
role by the FDA inside the United States, i) potential role
of Tamiflu and Relenza in increasing human susceptibility,
j) alteration of legal frameworks to offer impunity to pharmaceutical
vaccine makers, k) description of crime syndicates involved
such as the Illuminati, l) depopulation agenda of the Illuminati
& Bilderbergs, and m) direct references to the annual
Bilderberg meeting in Athens from May 14-17 of this year and
completed agenda that covered genocide and genetic superiority.
See the Global Research article (CLICK HERE)
or the Totality of Being article (CLICK HERE).
This is the movement that Michael Jackson was on course to
support with million$ in funds. Not anymore!
harkens back to Nazi claims under Hitler and racial superiority.
The theme seems to have been revived. So Obama was vaccinated
before his March trip to Mexico City. That was the origin
of the Swine Flu in my view, quite obviously. It is utterly
amazing how a US President visits Mexico City, a Swine Flu
outbreak occurs immediately, yet the sequence led to almost
zero suspicion of connection. In
my opinion, pure speculation on my part, a small percentage
of vaccines will likely contain actual viruses to further
the seeding process.
The compulsory broad vaccination is likely intended to weaken
human defense systems for the main events later. Those who
refuse vaccination will likely be imprisoned in special FEMA
camps, where execution will be permitted by law. Enough!
is living on the edge. In my opinion, she might be soon killed
with an accidental death or arrested on trumped
up charges (like child pornography on her personal computer),
so as to put an end to the publicity she has generated. The
influenza architects are so bold and arrogant as not to care
about opposition. They figure that nothing can stop them,
and they might be correct tragically. A hidden war has begun,
and we will hear only nuggets about it. One must wonder how
many hidden murders are required to enable a virus dissemination.
might wonder why any exclusive secretive powerful supra-national
group would choose to plot and execute a mass global murder
with the primary target being the United States. What
follows is just my opinion, pure speculation of genocide motives
with deadly viruses, in order of credibility, high to low.
A) The Wall Street banks are guilty of a decade of extreme
bond fraud, following at least two decades of manipulative
control of the investment arena. They have proved themselves
to be parasites turned cancerous, having depleted much of
the populations wealth. They might wish to kill off
the population before the Tea Parties turn into lynching parties
directed against bankers. B) The US as a nation is bankrupt
(federal, banks, housing, jobs). With industry abandoned,
the US has no hope of recovery. Ridding the nation of its
indebted people might be desired, rather than dealing with
a broken people and their genuine needs. C) The United States
is unique among manjor developed nations, in that it has no
thousand year old indigenous aristocratic class to defend
it. The aristocrats were either imported or hired from Old
Europe one century ago. The US is now vulnerable to the worst
type of exploitation after its empire has run its course.
D) Limited global resources make for extreme challenges in
coming years. Shortages can be eliminated by reduction of
demand, which would come from smaller populations. E) Retained
US-UK control might be possible only by means of changing
the chessboard game, since the last game was lost. With pharmaceutical
expertise, the vaccine makers will rule. F) Absolute control
might be the desired goal, with no further circus of leaders
elected by the people. Martial law takes over during epidemic
times. Enemies, malcontents, and riff-raff can be killed legally
under such a new legal system. G) Revenge for the World War
II interruption of ethnic cleansing might be desired. Those
involved have a curious lineage from the Nazis traced to the
Hitler crowd. While poison gas was the chosen killing agent
in the 1940 decade, designer viruses seem the choice today,
fashioned after the most lethal virus in over a century in
the Spanish influenza of the 1910 decade. H) China might have
cut some deal, perhaps offering itself as the initial proving
ground of the avian and swine flu viruses. The deal could
have been to take control of the USGovt debt until a default
occurred, then to claim the land in settlements of debts after
a segment of the American population is removed. China needs
the fertile farmland of the United States in order to feed
its own population. Then Old Europe and China can share world
control in the future. China would not mind cutting its population
in half. I) The overweight and heavily medicated US population
is simply ready for the slaughterhouse.
THE DEATH OF MICHAEL JACKSON HAS A POSSIBLE MOTIVE FOR HIS
MURDER BY PANDEMIC INFLUENZA ARCHITECTS $$$. Jackson planned
to warn the world about the planned release of killer influenza,
a genocide event. He was on a noble personal mission that
was suddenly curtailed. My personal feelings toward the music
icon are very mixed, and matter not at all to anyone. Great
rhythmic rock music that will live forever, just like Elvis
Presley. But MJ was beyond weird and his legal challenges
on juvenile abuse turned many people to disgust. David Icke
is an intrepid analyst reporter who uncovers many unusual
items, many of which cannot be easily dismissed. He wrote,
the reason behind the CIA needing to assassinate Michael Jackson,
these reports continue, was an out of court settlement the
pop icon signed with son of the king of Bahrain, Sheikh Abdullah
bin Hamad al-Khalifa, this past November in London, and which
stated, in part, that in exchange for millions of dollars
previously lent to Mr Jackson by the Sheikh, Mr
Jackson would allow his sold-out United Kingdom concerts to
be a platform for warning the world of a soon
to occur mass genocide event.
Both Michael Jackson and Sheikh Abdullah bin Hamad al-Khalifa
have been long standing supporters of the fearless Austrian
investigative journalist, Jane Burgermeister, who is warning
the world that the greatest crime in the history of humanity
The loan settlement mentioned was merely an unconventional
debt satisfaction, not a lawsuit.
odd and not too credible methods are mentioned by Icke that
involve electro magnetic pulse weapons used to induce heart
attacks. Then why did nobody else in the vicinity suffer a
heart problem or any nervous system incident? Having a doctor
in the house assisting with the accidental death would be
much simpler, if a hidden murder was the path. If no consequences
come to Jacksons private doctor in the next couple months,
even though an intravenous narcotic addiction was being fed
by a licensed physician, then additional evidence exists to
shove it under the carpet. Perhaps his demerol narcotic addition
combined with his xanex tranquilizer addition did lead to
gradual cardiac weakness and eventual sudden death. MJ feared
an exit much like that of Elvis, and suffered it. As to the
question of murder, my personal view is very unsure. But hear
this: there are almost never any multi-million$ coincidences!
Personal trainer Lou Ferigno (of “Hulk” television
show fame) in March resigned as the MJ trainer in preparation
of the London shows. He departed after warning MJ in dire
serious tone that his drug addiction put his life at risk,
in particular his heart. He called the almost daily drug abuse
a very dangerous mix in his words. How true! See
the full article (CLICK HERE).
ISRAEL EAGERLY ANTICIPATES LAUNCHING POSSIBLE CYBER ATTACKS
ON IRAN, BUT BACKFIRES ARE POSSIBLE $$$. Reuters reports that
Israel is actively planning for attacks, while Iran plans
for their defense. The apparent method of choice is cyber
attacks. Recall in 2005 that numerous seabed communication
cables were cut that connected Iran. They disrupted telephone
and internet lines. Israel and the United States were the
primary suspects. Given the unlikely path to open war, the
Israelis see the need to continue with old methods of opportunity.
Israeli sources cite the limited feasibility of conventional
air strikes on the distant and fortified Iranian nuclear facilities,
and US reluctance to sponsor another open war in the Middle
East. A recently retired Israeli security cabinet member made
reference to the Iranian digital networks, implying cyber
attacks. He said, “We
came to the conclusion that, for our purposes, a key Iranian
vulnerability is in its on-line information. We have acted
See the Reuters article (CLICK HERE).
contact from within the European upper echelons made this
surprising comment. He said, “Every
cyber expert knows that these attacks can backfire
big time, as they do in 90% of all instances. The incoming
ray can easily be utilized to send a return
message with devastating consequences. NATO
just learned this lesson in Georgia when the Russians downloaded
the entire NATO mainframe within on hour,
including all core data, passwords and usernames. NATO is
still busy fixing the damage, which has so far cost them nearly
one billion euros. Welcome to the real world.”
Wow! Talk about a counter-punch! It is much like using a rope
to pull an enemy. The same rope can pull back. Or setting
up an umbilical cord to deliver poison. The same tube can
return a different toxin. The same source mentioned that in
the visit to the Kremlin last week,
President Obama was clearly told what the immediate consequences
would be to the US Naval Fleet in the Persian Gulf if Iran
were attacked, sudden anihilation.
Direct destruction of US naval vessels has been the primary
reason why no attack on Iran has occurred in the last five
years, despite all the threatening saber rattling and aggressive
talk. The US vessels sit like ducks on a pond for advanced
Russian Sunburn and Onyx missiles installed long ago. The
USMilitary high brass are well aware. These missiles are one
generation more advanced than the US Cruise missile. See the
YouTube video where the Russian delegation refused to shake
Obamas hand in the Kremlin, but instead reached for
the hand of their own Medvedev (CLICK HERE).
CELENTE WARNS OF U.S. DESCENT INTO THIRD WORLD $$$. Gerald
Celente of the Trends Research Institute is a sage with a
great track record. He asks “Why
do Americans tend to turn to those who missed most of the
major crises in the last two years, and listen to their words
on what might happen next?” He
has spoken on interviews numerous times in recent months.
Here are some of his updated thoughts. In 2009, we will see
a collapse of the retail sector in a second phase with numerous
large chain closures. The
commercial real estate sector was grossly overbuilt, and next
it will collapse, leaving scattered properties empty without
commercial RE decline will dwarf the 2007-2008 residential
RE decline in a surprise unfolding. What comes will be much
worse than 1929, a Greater Depression with more violence.
nation does not have the manufacturing base, nor the lack
of debt burden that existed in 1929, so the outcome will be
worse. In the
next five years, the United States will slide into a violent
place much like the nastiest of Third World locations. He
expects New York City will in time resemble Mexico City, as
kidnap targets are taken for ransom.
He expects major US cities to resemble Calcutta India with
scattered homeless, panhandlers, hookers, and petty thieves.
will grow out of control, as people who lost almost everything
will fear little, having nothing more to lose. He expects
a Tax Revolt to begin soon and take root, then to flourish.
Celente implicitly criticized the baseless support for Obama,
as he calls people hopeful, desperate, and fearful
in ways that can easily turn sour. Lastly, he sharply criticized
USGovt efforts. The
USGovt leaders lack the intelligence, experience, and methodology
in order to achieve any recovery whatsoever. They rely heavily
upon spending from printed money and new debt. The printed
money is based upon nothing! He believes firmly that the
nation must PRODUCE its way with growth in order to exit the
crisis, not SPEND from a tainted pot.
You cannot print
money to exit the crisis any more than to print into prosperity,
a lesson still not learned on either end of the crisis. He
stresses alternative energy and any new initiative like the
internet revolution of the 1990 decade that results in greater
Only with an expanded industrial base can jobs be created
that invent, design, build, market, and service new products.
See the YouTube video clip (CLICK HERE).
CHALMERS JOHNSON WARNS ABOUT THE HIGH COSTS OF THE USMILITARY
EMPIRE $$$. Chalmers Johnson is a fearless veteran of geopolitical
battles, is 78 years old, and is the author of a powerful
series of books on the demise of the American Empire. He wrote
The Blowback Trilogy: “Blowback”
Sorrows of Empire”
(2004), and “Nemesis”
has new comments on the US Empire of military bases and embassies,
is now $102 billion per year. On
May 27th, the State Dept announced it will build a new embassy
fortress in Islamabad Pakistan at a cost of $736 million.
That would rank as the second most costly embassy in existence,
barely less than the Iraq Embassy, whose size rivals the Vatican
City. The State Dept also was planning to acquire the luxury
Pearl Continental Hotel in Peshawar near the border with Afghanistan,
for use as a consulate and staff living quarters. The hotel
and swimming pool country club had plans derailed on June
9th when Pakistani militants rammed a truck loaded with explosives
into the hotel, killing many and forcing a collapse of an
accuses the USGovt of using the embassy as cover. Neither
the Iraq nor Pakistan embassies serves as a true embassy,
in which people come for visas, US citizens fulfill passport
tasks, and American officials represent the commercial and
diplomatic interests of their country. Instead he wrote, “These
so-called embassies will actually be walled compounds, akin
to medieval fortresses, where American spies, soldiers, intelligence
officials, and diplomats try to keep an eye on hostile populations
in a region at war. One can predict with certainty that they
will house a large contingent of Marines and include roof-top
helicopter pads for quick get-aways.”
Militants who wish to attack the US are certain to find such
embassy fortresses, heavily guarded, as easy targets. See
the Green Zone in Baghdad Iraq and its countless attacks.
USMilitary maintains 800 bases dotted across the globe at
tremendous cost. While the USCongress and the Obama Admin
deliberate over new spending programs, it seems nobody has
the sense to consider the shutdown of some of what Johnson
calls these unpopular expensive imperial enclaves.
Just the opposite. The nation of Kyrgyzstan has planned to
kick out the USMilitary from its Manas Air Base in February
2009. It is an important air base for staging the Afghan War.
After the annual rent paid for usage of the base triples from
$17.4 million to $60 million, the tiny nation will permit
the US to remain. Besides, million$ more will be devoted to
promised improvements in airport facilities and other financial
sweeteners. The Obama Admin is deeply committed to a wider
war in the region, and is convinced it needs this base to
store and ship supplies to Afghanistan. The increased rent
will be easily covered by narcotics profits. The billboard
message is clear. The USMilitary is willing to pay more rent,
like in Ecuador where they told the Americans to depart the
Manta Air Base by this November. Despite their resentment
of US soldiers maneuvering in Colombia and Peru, they could
use more cash, and the US narcotics profits can easily divert
some funds their way. The Japanese have a more queer deal.
They actually pay for the USMilitary to occupy Okinawa. A
deal has been struck for transferring some US sentries to
Guam, but at heavy expense to Japan. Maybe Tokyo will soon
show a spine and stop payments.
Johnson advises foreign host nations to order the American
military presence out, or to force much higher rent payments.
is convinced the US Empire of Bases will soon enough bankrupt
the nation, a parallel to the financial pyramid schemes. The
United States is bleeding badly from its financial veins,
and can ill afford monumental costs from an archipelago of
military bases overseas. Seeing the over-reach, the Chinese
and other creditor nations for USGovt debt might be cashing
in on their USTreasury Bonds. He believes “Hanging
onto our military empire and all the bases that go with it
will ultimately spell the end of the United States as we know
it. Count on this, future generations of Americans traveling
abroad decades from now will not find the landscape dotted
with near-billion-dollar embassies.” See
the Tom Dispatch article (CLICK HERE).
HIGH RANKING USMILITARY RETIRED GENERAL STUBBLEBINE DISPUTES
THE SILLY 911 OFFICIAL STORY FROM THE USGOVT $$$. Major General
Albert Stubblebine had his last command as head of all Army
Strategic Intelligence worldwide. Note his comments about
the ridiculous story of an airplane hitting the Pentagon,
a story he mocks openly. He disputes by simply pointing out
that the 5000-lb engines would have left a mark on the Pentagon
building facades, something that receives little discussion.
Even if an aircraft wing struck the ground first, and tipped
the aircraft from a flat position, one engine would have made
impact with the building at a higher point. No such thing
happened, as a missile hit the Pentagon. Imagine a commercial
aircraft that evaporated and incinerated without any debris,
utterly absurd. Imagine a fuselage incinerated and vaporized,
but not the plastic-lined driver licenses from the three supposed
Islamic pilots. Stubblebine should be careful, since he might
lose his pension after being declared a terrorist. This entire
story is an insult to our intelligence. See the YouTube video
clip (CLICK HERE).
need to expound too much on my views regarding the 911 False
Flag attack on the Pentagon and World Trade Center. A quick
summary will do. Fully 50% of Americans call it an inside
job, but only 12% believe the WTC collapse was a demolition
project, still relatively clueless. Basic understanding of
high school chemistry and physics would lead to over 90% comprehension
and suspicion (see gravity and melting point of structural
steel). A missile hit the Pentagon precisely at the Army Accounting
office location, which was soon to publish a report on $2.3
trillion in missing funds over two decades. The World Trade
Center event on 911 was the biggest bank heist in US history,
yet unrecognized officially in annals. The theft of $100 billion
in gold bullion from basement vaults, along with $100 billion
in USTreasury bearer bonds, and $100 billion in diamonds was
truly significant. Information sources of mine are as numerous
as they are independent, all consistent in the stories. The
entire 911 events enabled the launch of an Iraq War to establish
a military foundation in the Middle East, to motivate enormous
defense contracts, to confiscate Iraqi oil to assure military
oil supply, and to enable vast service contractor funds to
flow for gigantic fraud and theft. Recall that $50 billion
is still missing, not even being searched for, in the Iraqi
Reconstruction Fund managed by the Bush II Admin. Mission
Accomplished! Last was the biggest benefit of all: the capture
of the Afghan narcotics prize by the CIA. That permitted the
CIA to control over 80% of the global narcotics trade, whose
clearinghouse is the Bank of Baghdad, managed by JPMorgan.
The US Federal Reserve is well aware of the money laundering
operations that reach Wall Street banks.
QUICK UPDATE ON THE ITALIAN-SWISS $135 BILLION PASSAGE OF
BEARER BONDS. THE USGOVT PUT OUT A FLIMSY MAFIA STORY, BUT
THE BONDS ARE LEGITIMATE. $$$ The bold Benjamin Fulford has
produced evidence of legitimacy of the $134.5 billion in bearer
bonds of Federal Reserves Note origin. The
Japanese (actually Filipinos) men arrested had documents signed
by USFed Chairmen, even with handwritten corrections and additions.
They carried several documents signed by Alan Greenspan and
Ben Bernanke with US Federal Reserve logos and stamps embossed,
signed, and witnessed.
If a mafia undertaking with forged bonds, why release the
two men? Because it was an official backdoor transaction of
legitimate nature. The Treasury certificates and are now in
the safe hands of a new financial system with some hidden
agenda that Fulford speculates toward. He expects resistance
from the old Wall Street guard. He claims the cited information
above comes from very highly placed sources. See the actual
document in good detail (CLICK HERE).
solid banking (mainstream and bullion) source of information
commented on the Fulford claims. The reply was, “The
seized Bearer Bonds are real and they will be applied [redeemed].
The United States does not even allow creditors, namely USTBond
holders, to convert their debt papers into hard assets. The
USGovt has zero intention to honor its debt. The entire US
structure is a mega-fraud and Ponzi scheme that will face
Madoff reality not before long.”
My added point is that some high level entities wanted the
USGovt to be unmasked, to start the process, to reveal a prima
facie of a vast crime syndicate. Maybe instead a foundation
was built for a new syndicate initiative to profit from the
new global laws on climate warming, like the Cap & Trade
in the United States.
deCarbonnel of Market Skeptics makes many observations concerning
the Chiasso Italy seizure of the bearer bonds. He believes
even if fake, these bonds still represent a major problem.
He cites a conclusion that the bonds are in all likelihood
real, since A) The bonds were accompanied by a recent and
original bank record. B) Italian authorities reportedly believe
the evidence to be authentic. C) The two Japanese arrested
in Chiasso were apparently connected to the Japanese government.
D) Hal Turners strange arrest before he could provided
the serial numbers of the seized bonds. E) The type of Treasury
Notes which were confiscated was, in fact, issued less than
ten years ago (in 1998). The last point directly contradicts
a claim made by the USGovt. See the Market Skeptics article
AUSTRIAN HAIDER MURDER REVISITED, WITH WIFE SEEMINGLY LEAD
DEFENSE $$$. Many irregular facts have arisen, receiving some
scrutiny. Small narrow road where such car speeds seem unlikely,
insufficient time to absorb so much alcohol, charges of homosexuality
without past pattern or identification of a partner, strange
markings of the car indicative of movement by construction
equipment, and more. See the Times Online article (CLICK HERE).
The investigative reporter offers a murder theory over the
death of Austrian provincial governor J?Haider. Some powerful
political and banking centers wanted him removed. He was removed.
DUTCH BANKER MURDERED, CLEARLY A CONTINUATION OF BANK FRAUD
COVERUP $$$. The police authorities are not even calling the
death suspicious, even after numerous gunshot wounds and gangland
style were obvious. Huibert Boumeester of ABN Amro was found
murdered in the woods 25 miles (40 kms) west of his London
home. The bank was the object of financial takeover, as Edinburgh-based
Royal Bank of Scotland, together with partners Banco Santander
Spain, and Fortis of the Benelux nations, broke ABN Amro into
pieces. Suicides have entered the newspaper columns in the
last several months. German billionaire Adolf Merckle allegedly
stepped in front of a train in January. David Kellerman, CFO
of Freddie Mac, allegedly hanged himself in April (an obvious
murder). Icon UK investor Kirk Stephenson allegedly also stepped
in front of a train last September. Anyone who believes the
official stories is a fool, na?, gullible, and believes in
fairy tales. Boumeester was depressed, did not return phone
calls, turned off his cell phone, and had distanced himself.
This is the official byline. See the Bloomberg story (CLICK
The easy conclusion is that bankers are being killed in serial
fashion, with some hidden agenda, undoubtedly to keep criminal
activity hidden. They know too much about $trillion flows.
They know the details of where funds flowed and are hidden.
They can provide names. So the middle level bankers, like
executives at midsized banks, are being removed. Lower level
bankers know next to nothing. One need not be concerned whether
the dead bankers are on the good side or bad side in the billionaire
wars, the Dark Templars versus the White Templars. The message
is cover-up of gigantic crimes.
THE OPEN WARFARE OF USGOVT VS SWISS BANKS HAS A HIDDEN UGLY
SIDE $$$. The Swiss Govt intends to seize UBS client data
so as to prevent any handover of information to demanding
US authorities. Their government officials would forbid the
Union Bank of Switzerland from complying with any court ordered
transfer of data on tens of thousands of American clients
to the USGovt, in an attempted data heist, as Swiss law has
been cited in defense. The posturing was the most firm in
the battle with the US Justice Dept over the identities of
more than 50 thousand American clients at UBS. At issue is
suspected tax evasion that comprises a drop in the bucket
compared to Wall Street welfare projects. The USGovt claims
recruitment of wealthy US accounts in systematic and deliberate
fashion, and an assumption of tax evasion motive. The judge
in Miami claims USB had earned over $100 million in fees but
cost the USGovt hundreds of million$ in unpaid taxes. A settlement
could result in the UBS paying the USGovt a fine or compensation
for lost taxes. In February, UBS paid a $780 million fine
and provided US officials the names and data of 250 individuals.
They regret the move and will not repeat it. The UBS case
is part of a diverse intitiave by the IRS tax agency to reveal
secret accounts by American citizens in banks around the world.
See the Yahoo Finance article (CLICK HERE).
A titanic battle for global bank control is underway. The
established Old Europe faction is pitted against the failed
US-UK gang that brought its own house down upon itself with
insane financial leverage, artificially cheap money, and bribed
false ratings. Bigger stakes lie behind the curtains, with
stolen hoards and Vatican gold in the mix.
intrepid inquisitive colleague asked “Why
doesnt UBS shift all of its bad assets to its US subsidiary,
leave the US and let the judge seize its US subsidiary?”
To which, a contact from inside the Swiss-German banking community
has already done that. The Swiss Govt is not going to roll
over. Luxembourg just got its way with the behind the scene
cover and support from Berlin. The
US courts and Govt are in for a series of very rude surprises.
People are sick and tired of the unmitigated and primitive
arrogance demonstrated by the US institutions.”
Then the Jackass inquired if somehow the highly public US-Swiss
bank battle was the visible portion of a bigger battle that
involved hundreds of billion$ being fought over, if not amounts
running into the trillion$. My question was “I
suspect the Wanta money is somehow tied up in this UBS vs
USGovt conflict. Much much more exists than meets the eye.”
To which the
same Swiss-German contact replied (to my surprise, since the
Wanta query was a stretch), “Wanta
money is involved. If
the big European banks jointly go against the USGovt, there
would be mass arrests of USGovt individuals in the United
States and elsewhere.
These clowns at the US Justice Dept either do not know, or
certain people in the US want to push the envelope to see
how far they can stretch this issue. The
Americans do not know that they already have lost not only
the battle but also the war.”
GLOBAL EUROPEAN ANTICIPATION BULLETIN FROM THE EURO/2020 EXPERTS
IN PARIS WARNS OF EXTREME ECONOMIC AND FINANCIAL BREAKDOWN
IN THE UNITED STATES & ENGLAND BEFORE AUTUMN $$$. This
is not a lightweight group of analysts. Their work for the
last 5 to 6 years has expertly forewarned of numerous major
breakdown developments that occurred. The GEAB analysts foresee
on the horizon three destructive waves to hit both the United
States and United Kingdom. They will contain both economic
and social elements that converge in the summer 2009, resulting
in climax in the current crisis by the end of summer 2009.
They expect major changes to occur not so much in response,
but as effect of destructive events. The
principal damage will stem from magnificent debt default events
in the US and UK.
They outline the three waves, in their words. 1) Wave of massive
unemployment: three different dates of impact occurring to
the countries in America, Europe, Asia, the Middle East, and
Africa. 2) Wave of serial corporate bankruptcies: companies,
banks, housing, states, counties, towns. 3) Wave of terminal
crisis for the USDollar, USTreasury Bond, Great Britain Pound,
and the return of inflation.
GEAB regards the global monetary system to be in a process
of disintegration. They see the Russians and Chinese having
taken advanced defensive positions for a post-USDollar era.
Corporate layoffs continue, with somewhat abandoned hope of
economic recovery. The majority of the fifty US states are
struggling under debt burdens. Rescued banks will begin soon
to falter and fail by summer end, even after conning the investment
community into handing over capital for trash using phony
balance sheets. They point to the continents of North America,
Europe, Asia, and Africa, where in the summer 2009 dramatic
transition towards chronic impoverishment will occur from
job loss and little prospect for new jobs for several years,
rendered acute by lost savings in financial assets and pension
provides a timetable. “According
to LEAP/E2020, this general
wave of massive unemployment will
strike the main regions of the world at three different moments:
(a) at the end of summer 2009 in the case of the United States,
United Kingdom, Ireland, and Spain; (b) at the end of the
fall 2009 in the case of China, South-East Asian countries,
Latin America, new European Union member states, Turkey, the
Middle East, Africa; (c) in winter 2009/2010 in the case of
Eurozone core countries, Denmark, Sweden, and Japan.”
They call global
trade a highway to hell for many Asian export
nations who rely upon US, European, and Japanese consumers.
The customer base will be mired in unemployment and crippling
fears. Latin America will cope better with conditions, but
given commodity export dependence, a delayed impact should
hit the continent in autumn 2009. The lack of social safety
nets will render great harm to the South American middle class,
especially in its large cities.
expects bank failures to dominate most headlines in the United
States, United Kingdom, Europe, and Japan by the end of summer
2009. The principal cause will be the unresolved toxic assets
on their balance sheets, which they have either been unable
or refused to remove and liquidate. The analyst group calls
them financial bombs that soon explode. A secondary
event will be the USFed and the Bank of England coerced
to purchase massive amounts of their own sovereign government
USDollar and British Pound plummet in response as monetization
goes wild. Like
a teeter tawter, the Euro, Yuan, and other currencies rise,
even the Brazilian Real. Specifically, GEAB concludes “the
Dollar and related currencies collapse with the Pound Sterling
against all the other international currencies.
The devaluation many US leaders dream of (to absorb US public
deficits and boost exports) thus happens. Moreover they claim
to be the victims of those bad Chinese, Russians, etc& thus
adoption of protectionist measures
in an attempt to boost US industry and jobs. Of course, in
the course of this process, the purchasing power of US citizens
will suddenly be cut in half, but it is not certain that anyone
really cares about that in New York and Washington.”
aftermath is where the structural and political ruin comes
expects that President Obama, Treasury Secy Geithner , and
USFed Chairmann Bernanke will be compelled to make nationally
televised statements about the 30% to 50% loss in the USDollar,
and ultimately an admission that the USGovt
can no longer repay USTreasury Bond holders.
The actual text is likely to be an attempt to restructure
the massive USGovt debt. The focus will then turn to a new
USDollar, where only short-term maturity USTreasurys debt
securities will be honored, in the opinion of GEAB. That is
why the Chinese and other large creditor nations have converted
long-term USTreasurys to three-month USTNotes. The economic
impact of the USDollar and BPound extreme devaluation will
be immediate price inflation, and later hyper-inflation. The
breakdown of the US-UK currencies is a sequence that Knucklehead
Deflationists cannot foresee, let alone factor into their
errant forecasts. Since the bulk of US-UK exports are financial
and non-strategic, the Anglo price inflation will not be exported
to any great extent. They
forecast domestic interest rates in the US & UK to exceed
10% in the year 2010.
Foreign non-Anglo national economics will see the opposite
effect, falling prices. The analyst group expects the Euro
to trade between 150 and 160 at the time of the USTreasury
default. Afterwards, the Euro should move toward 200 (i.e.
$2 per Euro). The Chinese Yuan and Brazilian Real will each
rise significantly in the coming extended time period. The
flight out of USTreasurys and UKGilts is already underway,
planned for acceleration, and in progress. The main doubts
among creditor nations is how and when the great selloff occurs.
GEAB expects the great selloff to begin by late summer 2009.
most reliable source of information and developments (with
excellent track record displayed last September) agrees with
the conclusions in a general sense, despite different sources
and access to different data. The person wrote, “It
will be multiple flash point around the globe that will trigger
the event driven scenario that will be extremely destructive
to the entire socio-economic fabric that holds society together
for the time being. With the breakdown of governments, order
will break down. Go and revisit Hurricane Katrina and New
Orleans, then project that onto the entire United States,
except for rural pockets in the MidWest and South where well
armed citizens will immediately fill the vacuum.”
JUGULAR & POINT OF BREAKDOWN REMAINS CLEARLY THE BROKEN
US BANKING SYSTEM, WHOSE FRACTURE WILL REACH CLIMAX IN THE
NEXT FEW MONTHS $$$. In an effort to clarify the breakpoint,
a conversation was elicited with my deepest and most competent
source of bank developments (conventional and bullion), whose
reliability has been stellar. A few other extremely bright
contacts joined for depth, focus, and color. My question to
launch the discussion was “Can
you point to any specific
that will pop ? When I think of a systemic blow, I struggle
to identify a couple highly likely sites for major damage.”
Not without an answer, MrX replied “It
will be the writeoffs that banks have to book not before long.
There are more than 15 global banks with more than $1 trillion
that have gone down the tubes already, never to come back.
So their capital base is already negative. Once this sewage
hits the sewage plant, all will come crashing down with real
system failure.” A
steady bright bulb friend from the mining and petroleum industry
chimed in, as he said “In
my humble opinion this is the eye of the hurricane, with the
Plunge Protection Team doing a rig job on the Dow Jones index
for distribution purposes [with the public buying in volume].
debt, a few hundred billion, or a few trillion dollars, jammed
into the few remaining big banks where it stays, is NOT a
fix for trillions of unpayable debt.
Debt based fiat currency systems around the world are all
in the same shape. Richebacher called the USA system a total
fraud and illusion. Little did he know, or perhaps he did
know, the whole world financial system is a fraud and illusion,
one giant Ponzi scheme.”
in some perspective from World War II from his own experiences,
MrX added “It
is called Bunker Mentality or Syndrome. Hitlers last
day at his bunker in Berlin in 1945 are a very good example.
In the end only a very few refuse and remain in denial of
the events unfolding around them. WashingtonDC
and its pseudo Elites, as well as their collaborators on Wall
Street, are all suffering from this disease.
It is tragic and fatal for the United States and its citizens,
and comical if one thinks of the events that unfolded on the
Titanic when the unsinkable finally sank after all. The US
has destroyed the global economy, and many countries around
the globe, in its restless search for profits and power under
the fraudulent banner of liberty, freedom, and prosperity.
All and everything always comes full circle.”
to the banks, which have a reality and a fantasy in fierce
competition. Another bright bulb friend from the insurance
and construction fields wondered, as he said “Given
the fraudulent accounting here, I do not see US regulatory
bodies causing banks to take large write-downs. If write-downs
were mandated, would those instructions come from the Bank
For Intl Settlements? Alternatively,
my thesis would be that the banks remain profitable
under the current fraudulent accounting standards, but seize
up due to real life cash flow problems.
My analogy would be the banksters are putting a fresh coat
of paint on a seaside house whose foundation is being eroded
by the sea. The house looks very pretty until it suddenly
collapses into the sea.”
Joining the imagery challenge, MrX replied “I
know that the fresh coat of paint does not even stick to the
house any longer, let alone the foundation that has been rotting
away and is totally gone already. The
entire banking industry is nothing but a hologram.
The illusion will turn into an utter nightmare”
Jackass ends the discussion, with an interpretation of the
sea imagery. For a couple years, my focus has been on the
principal point of failure, namely housing & mortgages.
As long as housing prices continue down, so will bank losses
tied closely to mortgage portfolios. When colleagues, clients,
friends, and acquaintances say that rescues and low interest
rates will work through the system toward a recovery, all
in time, my answer is always the same. ALL POLICY ACTIONS
TO DATE ARE OFF THE MARK ENTIRELY, SINCE DEBT BASED. THERE
IS NO TALK ABOUT REBULDING INDUSTRY, AND RETURNING THE FACTORIES
SENT TO CHINA. BESIDES, HOUSING PRICES CONTINUE DOWN DOWN
DOWN, AND A WIDER RANGE OF MORTGAGES CONTINUE TO DEFAULT,
TO KILL BANKS ENTIRELY.
That analysis and conclusion sticks. The next bank losses
will render them insolvent and bankrupt when their capital
is gone. They replenish with new capital and equity, but the
losses come even faster. A huge clash comes between reality
and the charade for US banks, that extends even to the US
Federal Reserve, which is bloated and busted. Remember the
US banks passed the Stress Tests, as recent investors loaded
up with $75 billion in bank stocks (secondary issues). The
accounting FASB rule changes have many provisions to revert
back by yearend. So big further crippling losses will render
the US banks as totally defunct. I FULLY ANTICIPATE A SHATTERING
OF BANK SYSTEM CONFIDENCE SOON. The mortgages will lead the
way into the toilet for the next round of US bank losses,
like prime Option ARMs and commercials. By
the way, you cannot apply paint on a house that is underwater
Richard Ebeling is an economic scholar and researcher from
the Von Mises school, who helped recover old lost work by
Ludwig Von Mises from a formerly secret KGB archive in Moscow
Russia. He said, “The
Obama Admin has been and is introducing policies that are
delaying or preventing the necessary adjustments to restore
a balanced and stable market for future sustainable growth.
I will go even further. The policies of the Obama Admin are
not merely retarding the markets adjustment to the post-boom
policies and regulations being implemented by Obama and the
Congress are undermining the very existence of a functioning
We are now in a crisis of anti-capitalist policies not seen
to this degree in America since the New Deal days of the Franklin
Roosevelt Administration in the 1930s. Washington is literally
taking over ownership of or control over entire sectors of
the economy, by which I mean the automotive and financial
markets. Also, their planned regulations over industry in
the name of the environment and fighting climate change
will mean that government will have a directing hand of how
virtually every product is produced. Government will dictate
with what technologies they are manufatured, and what their
finished forms will be as consumer goods that the public will
be forced to accept. This will include price and wage controls
and caps, regardless of the names and rationales under which
it is implemented. We
are heading down a road that leads to national socialism.
That is, industrial fascism and socialist style redistribution
of wealth in the name of social justice.”
My view is simpler. Bush II took us down the road to clear
fascism. Obama is taking us a short step to the left, into
clear communism. The Politburo committees for economic controls
are being formed in front of your noses. The system is due
soon to experience major shocks as a result of the political
structure change, and the fractured banking system, both shaken
to extreme disruptions.
BANKS CONTINUE TO FAIL, WITH COMMERCIAL MORTGAGE LOSSES IN
COMMON, SETTING THE EARLY STAGE FOR CLIMAX $$$. In early July,
six Illinois banks, one Texax bank, and one Wyoming bank were
shut down and taken into FDIC receivership. All but the Wyoming
bank had one thing in common, heavy commercial mortgage exposure
and losses. That makes 52 bank failures this year in a rising
toll, more than twice the 25 count in 2008. The biggest count
comes from Illinois, supposedly the stable heartland, as leveraged
mortgage bonds, known as Collateralized Debt Obligations,
were blamed. Several Illinois banks had common family ownership
and common failed strategy. The state had a painful 10.1%
jobless rate in May.
In addition to CDOs, the failed banks were plagued by losses
on commercial real estate loans. Most
of the bank failures have been tied to troubled construction
neither have lenders coming to the rescue nor buyers arriving
in this horrible housing market. See the two Bloomberg articles
commercial property mortgage market is valued at $3.45 trillion.
Its broad breakdown will start to deliver powerful blows to
US banks in the next several months. Sales
volume is down over 80% in the commercial space from a year
ago. Prices are down 40% to 50% from their peak in 2007.
Banks simply will not lend to refinance commercial mortgages,
which must roll over every few years unlike residential mortgages.
That a commercial firm has a high proportion of tenants current
on rent is irrelevant when the collection of properties seeking
mortgage funding is underwater, owing much more than its value.
Major losses come in liquidations. Property Wire is a contributing
analyst group. They have notice increased buyer and selling
activity in the commercial space, but at much lower price
levels. They wrote, “Commercial
real estate sales worldwide in the second quarter are expected
to be down some 67% from a year earlier, according to research
firm Real Capital Analytics, with US volume suffering more,
down 83%. The correction in the US commercial real estate
market, and even for some of the global markets, is going
to be painful for a lot of people, particularly those who
bought their properties using liberal amounts of debt financing,
the conference heard.”
See the NuWire Investor article (CLICK HERE).
Thanks to BobO from Kansas for steady flow of great information.
end of the road has been reached for commercial real estate.
Many regional banks jumped into the commercial real
estate market since they had little chance of competing with
big subprime and Alt-A mortgage factories like Washington
Mutual or Countrywide. Many regional banks saw this
as a way to stay competitive in local regions across the country.
This is a much more diverse problem, wherein the tentacles
of the commercial real estate bust will be felt in every state.
Some shocking information comes regarding USGovt bailous for
a potential $3.5 trillion in Commercial & Industrial loans
(C&I), called Plan C. That is the closely guarded plan
by the USDept Treasury for pre-emptive commercial loan bailout
before disaster strikes. The are deeply underwater without
financing mechanisms functioning any longer. This disaster
is on the doorstep of the bankers.
provides details. “These
loans were made on strip malls, doctors offices, and
drive through restaurants for communities that are hurting
from the recession. This is an enormous amount of debt that
is out there that will surely default, since there is no way
to refinance this debt as many of these projects are literally
underwater. Take a look at the composition of over 8000 banks
and thrifts across the country. Factoring
in construction and commercial loans, you arrive at a stunning
26% of all loans in FDIC banks and thrifts.
This is a staggering figure and the USTreasury is well aware
of this. The question isnt whether there will be major
defaults here, but who will shoulder the cost? So far, each
consecutive bailout has largely been taken up by the US taxpayer.
The problem of course is the cost of all these bailouts will
eventually catch up through a tanking dollar and possibly
the long-term viability of our economy. Plan C is a preemptive
bailout on an entire industry. The reason the government is
devising a plan is that these loans will start going bad in
large amounts, and they are gearing up on a process of dumping
this large mess on the American people. Yet it is going to
be a politically hard sell for many to bailout a strip-mall
from some large developer. And make no mistake, the market
for commercial loans is all but closed. In
the 1st quarter commercial loans fell by a stunning 50% on
a quarterly basis.
And the amount of bad loans is only growing.”
It is inconceivable that the disorganized USGovt steeped in
denial can possibly pull off a $3.5 trillion pre-emptive bailout.
See the MyBudget360 article (CLICK HERE).
financial sector wrecking ball continues to hit England, with
Lloyds Banking Group poised by announce gigantic losses. Chairman
Sir Victor Blank might be hobbled in replacing capital, due
to his former employment at Citigroup. Backed
by UKGovt guarantees, Lloyds will soon write off up to £13
billion on its commercial property loans, business loans,
The writeoffs for the first six months in 2009 would match
the losses recorded by Lloyds and HBOS in 2008, as they made
final their nightmare merger. The expected charge taken is
twice what Lloyds paid for HBOS last autumn. Total writeoffs
for this year at Lloyds could surpass £20
billion. The European Union leadership at the Competition
Commission has threatened a breakup of bank conglomerates,
motivated in part by the UKGovt tendency to endlessly pump
funds into rescues, bailouts, and nationalizations. See the
Times Online article (CLICK HERE).
US BANK SYSTEM SHUTDOWN IS BEING PLANNED, WITH THE SOURCE
BEING THE US STATE DEPT INFORMING ITS MANY EMBASSIES. EXPECT
DISRUPTIONS DURING THE BANK HOLIDAY, POSSIBLE BANK HEISTS,
FORCED MERGERS WITH BIG DEAD BANKS, FOLLOWED BY A SEVERE USDOLLAR
DEVALUATION. THE TIMELINE IS FOR BANKS TO SHUT DOWN IS SEPTEMBER,
JUST TWO MONTHS AWAY. EITHER THE SYSTEM IS IMPLODING FROM
WITHIN, OUR EXTERNAL FORCES HAVE PULLED THE PLUG. $$$
Schultz is a veteran newsletter writer (Harry Schultz Letter)
and expert analyst, whose reputation is beyond reproach. He
wrote in his June newsletter a preface to a surprise event
of magnificent magnitude and importance, with only one precedent
in US history. He wrote, “Some
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 governments,
quietly, but not £s [British Pounds]. Inside
the State Dept there is a sense of sadness and foreboding
that something is about to happen,
unknown as to a date, within 180 days, but could be 120-150
the USDollar and British Pound are grouped together, both
to become unavailable.
continues with more detail, some speculation, and advice.
He refers to Franklin D Roosevelt, who imposed the last bank
holiday at the end of the Great Depression. Schultz wrote,
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 and 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 (and then confiscating it). But
devalue against what? The euro? Doubtful. Gold? Maybe. Or
versus the IMF basket of currencies (which seems more likely)
and 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 US$ fall. Such a fall would get the devaluation
they want without having to declare it. In sum, the
insiders want more bank and system control,
fewer banks, and a lower USDollar. A bank holiday would suit
all their needs& Obviously, you cannot open safe boxes if
the banks are closed, so plan accordingly. All this is speculation,
but we have to go with what weve got, scraps of information
that point to certain possibilities. In any case such a closure
will, IMO, come sooner or later, as the worst of the embedded
[credit] derivatives are still to be faced. We are years away
from solving them because the controllers do not want to,
since 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, and
(Minor edits were made to make Harrys unusual style
more readable, with no change to content)
elaborated some more on the prospects of price inflation arriving
in force. He prefers non-US$ companies, many listed in US
and Canada or Australia. He wrote, “The
world is staggering today between stagflation and net deflation
right now. It varies widely around globe. Net deflation is
a maybe 35% risk, due to toxics [toxic assets] and/or deepening
depression. Bit more likely, we will slowly creep up to a
dangerous 4.5% [price] inflation on average, medium-term.
But the wild card is the currency risk, which has a 50% (?)
chance of boiling over and causing literally overnight (i.e.
24 hours) mega inflation in the asset markets.”
He implies that the stock market might be a beneficiary of
monetary inflation, as easy money floods into the financial
markets and bids up prices. The same flood would bid up the
gold price. He recommends 35% to 45% devoted to gold mining
stocks and gold bullion. The story was reiterated by Peter
Brimelow on MarketWatch for further publicity and legitimacy
Chapman actually broke the story, but Schultz used his enormous
pulpit of thousands of subscribers to broadcast the message
with ample publicity. One of the Chapman subscribers reported
overheard two FEMA (Federal Emergency Mgmt Agency) men wearing
official jackets talking to a police chief in California.
FEMA would take control nationwide in a virus epidemic. They
wanted to federalize the entire police system across the United
States. They discussed plans for the USGovt to close the banks
in late August or early September, and that will get ugly,
in their words. Chapman quotes another source that “Panasonic
has told their people to be back in Japan by September 2009.”
There is an internal confirmation on US bank shutdown.
best source of bank information confirmed the report of US
bank shutdown plans by the USGovt. A confirmation came, saying
report is 100% correct.
It is much worse, and it
will get a lot worse than most people can imagine in their
The arising opportunities and arising risks are limitless.
Those who get it early enough (within the next 8 weeks) will
prosper, and those who do not will fail, never to get a chance
to recover. It
will be a mega cleansing process.
People who are privileged to read Jim Willies Hat Trick
Letter will say 'the guy had it all figured out and wrote
about it in a polite and gentle way. Greetings from
the epic center.”
ex-USMilitary contact also confirmed the bank shutdown plans.
He has friends located inside the US Homeland Security Agency.
He passes on word that the HSA has extensive drills to prepare
for national riot control in urban centers in early October.
He also mentions that HSA has by far the dumbest, least talented,
and unimpressive staff in all the USGovt. They accepted rejects
from all other agencies like FBI, CIA, and National Security
Agency, Drug Enforcement Agency, and Alcohol Tobacco &
Firearms Agency when the HAS agency was originally formed.
The other agencies did not wish to part with their best staff,
should doubt that Canadian bank locations will be much different
from US chaos during the period when banks are shut down temporarily.
Maybe the US states along the Canadian border will accept
Canadian Dollars temporarily for transactions? Who knows?
Nothing in the last 18 months has been normal, and no return
to normal comes. Those who think normal will return are lunatic
and blind. The past is forever gone, along with its system,
soon to be supplanted in violent manner with shock wave after
shock wave. In fact, within 12 to 18 months, shock waves will
become the norm in my view. The actual trigger events are
unclear, but the credit derivatives must be breaking all over
the place for last few months. Hidden fires are dealt with
using AIG under the USGovt aegis, but damage is surely occurring
elsewhere. The US banking system broke last autumn. All that
keeps it held together lately is corruption and rubber bands,
supplied with unlimited liquidity funds channeled into the
dominant syndicate centers on Wall Street, assisted by grand
propaganda and phony accounting rules.
best forecast & speculation
of what might specifically occur during a US bank shutdown,
and immediately afterwards. Bank
heists would be prominent and widespread, given the perfect
environment of darkness.
The theft would include gold bullion centers. It would also
coincide nicely with the possibility of Elite
theft of gold from major gold storage centers
in addition to the Royal Canadian Mint. The bank heist would
likely include inactive accounts nationwide as well as entire
bank deposits at lesser known banks, selected as vulnerable
without protection in either New York City or WashingtonDC.
Blame would be given to nameless rogues, when Wall Street
firms would be deeply involved. During
the shutdown, many regional and midsized banks would be forced
by USGovt order, under the cloak of national security and
emergency, to merge with big money center banks.
These larger banks are the zombies often described, and the
banks responsible for most bond fraud if not counterfeit.
They are dead. They are masquerading as viable in order to
attract stock issuance capital. They would sponsor seizures
painted as mergers, where perhaps the USGovt will order the
majority of regional and midsized banks to team up with
an upper echelon bank for systemic risk defensive purposes.
Banks across the nation might be forced to find a money center
sponsor bank. It will be a raid on their assets.
USDollar should suffer a 30% to 40% sudden devaluation. The
gold & silver prices should rise by 20% at least, held
back by continued stubbornfraud in the COMEX. The USDollar
devaluation would officially be touted as beneficial, to trigger
a possible USEconomic recovery. However, it would cause instant
commodity price inflation and a rise in the entire national
cost structure. It would be beneficial to export companies,
but their customers are under extreme duress. It would at
the same time inflict greater hardship on US households on
a cost basis. The USEconomic recession would worsen very badly,
become a recognized depression. The
red herring is the unknown effect on both credit derivatives
and the COMEX gold contracts.
The credit derivatives would suffer shocks from the USTreasury
Bond impact, surely not positive, as bond yields would probably
rise from lost confidence in both the US$ and USTBond simultaneously.
The COMEX gold contracts are directly related to the USDollar
exchange rates. Major disruption and potential fractures could
come to the COMEX, which could actually shut down for a longer
period than the US banks. During the period of darkness, legitimate
hope might be justified into thinking that the COMEX might
actually never open. It might be broken, exposed, and suffer
the shame of criminal prosecutions finally. That might be
wishful thinking. Extreme problems would come, however, to
the COMEX if discontinuity comes to price structures. That
is a certainty!!!
other major unpredictable outcome is social disorder, chaos,
riots, destruction of property, and public frustration. The
inaccessible bank accounts mean no new money to purchase food,
to pay for utilities, to buy gasoline. The national economy
would grind to a halt. My
realistic view is that the USGovt and Ruling Elite bankers
wish to spark riots so that they can declare a state of emergency,
so that they can declare martial law.
They anticipate a violent reaction. If viruses are unleashed
at the same time, the nation will sink into total chaos and
lock down into countless pockets of isolation. Shutting down
the banks might be necessary to restructure, with or without
criminal intent. Nonetheless, shutting down the banks might
be a planned step toward ending the Republic and beginning
a new Fascist state with totalitarian powers. They might shut
down banks so as to create a response that sets into motion
the new system the Ruling Elite lust for.