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Post by avordvet on Jun 12, 2012 4:31:04 GMT -5
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Post by avordvet on Jun 12, 2012 4:35:42 GMT -5
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Post by Michael Downing on Jun 12, 2012 5:58:35 GMT -5
Agreed. This is just another attempt to delay the inevitable by painting a happy face in water colors in the pouring rain on the coming collapse. Of course they'll get a bail out won't they....
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Post by Cujo on Jun 12, 2012 6:47:48 GMT -5
Italy in a Bank Holiday, Sunday & Monday. Not sure if it's still being celebrated. The concern is that Spain & France maybe next.
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Post by safetalker on Jun 12, 2012 19:11:33 GMT -5
The look words are "RESET" not banking holiday. You will know when to hide when you hear that the Federal reserve is going to reset the system. That means that the leans have been activated by the Moneyary Fund. It also means that your credit card, debit card, gas card, and checks are useless. If this happens your boss will call you and advise you to stay home until he calls you.
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Post by Cujo on Jun 13, 2012 8:00:36 GMT -5
The look words are "RESET" not banking holiday. You will know when to hide when you hear that the Federal reserve is going to reset the system. That means that the leans have been activated by the Moneyary Fund. It also means that your credit card, debit card, gas card, and checks are useless. If this happens your boss will call you and advise you to stay home until he calls you. In your opinion, what would be the straw that broke the camels back that would cause RE-SET VS Bank Holiday?
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Post by avordvet on Jun 13, 2012 11:04:23 GMT -5
The look words are "RESET" not banking holiday. You will know when to hide when you hear that the Federal reserve is going to reset the system. That means that the leans have been activated by the Moneyary Fund. It also means that your credit card, debit card, gas card, and checks are useless. If this happens your boss will call you and advise you to stay home until he calls you. In your opinion, what would be the straw that broke the camels back that would cause RE-SET VS Bank Holiday? Either will be caused when people finally realize what is going on and start to pull back everything. People are intently watching the markets for any sign they should run, and they are now starting to see it. The FED and the Government are running out of options, many believe that TARP and the other TRILLIONS that were expended to date, have been holding up the market since the 2008 "collapse" through the work of a "Market Stabilization" team. Ever notice the rapid rebounds when the market starts to slide hard? A couple of times we had multiple days with close to a thousand point slide... which then recovered ALL losses AND some, within hours... that should not be happening. They are finally running out of "funds"... since they have pumped a VERY large amount of our treasury into the EU bank accounts.
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Post by pawclaws on Jun 13, 2012 11:15:11 GMT -5
The problem here is that the "effect" can quickly become the "cause" and initiate a chain reaction. A massive run on the banks can quickly collapse our economy. Mass purchases of commodities can spike the prices out of reach. Sooooo....; be cool!
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Post by Michael Downing on Jun 13, 2012 12:35:29 GMT -5
Most here have more than likely prepared but it is the masses who will make a run on the stores at the first sign of potential financial troubles. heck here in Western NC a few snow flakes can send them over the edge and spark wiold purchasing of necessities.
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Post by safetalker on Jun 13, 2012 15:03:34 GMT -5
ojibwa The objective of the bankers now is to get as much physical value. FRNs and Bonds, and stocks are just illusionary wealth. Physical value comes from Silver, Gold, and Land. You have a piece of land it is their goal to gain control, not ownership, of that land. They loan you FRN(Federal Reserve Notes) to use to pay off Credit cards, Car loans, and vacations. Then the Federal Reserve creates a shortage of FRN by requiring the banks to keep $8.00 per $10.00 on deposit. Your employer, wholesaler, or food stores can't get a loan to buy stock and cuts your hours. You default on that equity loan and they Foreclose on your land. If they can do that to a whole neighbourhood they then take the land and sell it to a foreign or local investor who pays in physical wealth (gold, silver, land), and the game starts again. SO now all you can do is keep your Mortgage fed and your taxes paid since in most states they can now take your land for failure to pay taxes, fines, or judgements. However! The Fed has had a lien placed on them. They were caught using deposited Gold without paying the interest. The holders being international refuse to take FRN since they deposited Gold. The Fed has shipped all their Gold to the Illuminati to store it for later and they don't have the ability to pay. These folks are attaching all of the assets of the Federal reserve Corporation Internationally. When they take over the Corp due to debt they will "Reset" the accounts. That will be what causes the banks to close and lock their accounts (yours too). If you have CD's or Stocks, or Bonds they will also lock. Thus you will need everything you use for over 30 days.
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Post by Michael Downing on Jun 13, 2012 15:31:40 GMT -5
I spoke with soem European contacts and there is little to no optimism. Many do not believe the Union can remain intact and will begin falling apart before the year is out and much quicker if Spain goes the way of Greece and cann9ot get it together with the latest bailout which they won't. A reemergence of individual nationalism is very strong. The German people are saying forget the rest of the union, they have had enough and want Germans to stand strong for Germany. The next 30-60 days will be very telling for Europe and add 30-60 to that for what will happen here.
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Post by Cujo on Jun 13, 2012 20:41:02 GMT -5
Good replies, it wasn't clear at first why a down grade of a bank (5 major US banks) would cause panic. I understand now.
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Post by avordvet on Jun 14, 2012 4:54:48 GMT -5
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Post by safetalker on Jun 14, 2012 7:28:37 GMT -5
I can agree with them. Most of the rating agencies are owned or board controlled by one of the Federal reserve Banks.
Just remember the background truth! 1. The debt that the banks owe is to the IMF, or the Federal Reserve Bank in their own country. 2. The banks that owe the debt never received any "Real" money, just locally printed paper money, and locally printed Bonds for locally printed local money. 3. These same banks took locally printed paper money and used it to loan to businesses and people to make interest on said paper for years and now want the land under the paper money to sell for gold and silver to other people. This is called FRAUD and all countries should do like Iceland and tell them to "Shove it"
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