Posted on 07/27/2009 11:36:55 PM PDT by FARS
US State Dept has advised embassies worldwide to stock up on a year's worth of the local currency in anticipation of collapse of the US dollar. Look for a temporary banking shutdown timed for around September 2009. As under Roosevelt, some banks won't reopen. 96% of bank reserves are currently held with the Federal Reserve who tells the banks not to loan the money, but rather to save it for further banking acquisition and consolidation. Chapman foresees a bank holiday lasting 4-5 days. Chapman thinks this first bank holiday presages a much more significant bank holiday months to years later which will involve simultaneous devaluations of multiple currencies as well as other significant changes in the banking system.
(Excerpt) Read more at antimullah.com ...
Hence the rush to pass them before August recess...
Bingo
I can’t argue with the fact it’ll be painful for a few years. In that, I stand in solidarity with you.
That link was on the Anti Mullah site and I did not understand the writing so I am unclear but the original article was a Market Watch piece
http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future
I will try to find out if the other link was published in China or Japan someone said it had Japanese.
American - what do you think? Lori has the original in her post - is it Japanese?
Say just in case anyone is interested this is the proof they are offering for the money sent out to other foreign financial institutions
“The One” aspires to be Idi Amin on a diet..
Re: the US Dollar....Well, I can tell you we are seriously excercising personal plans B, C and D here in Japan in preparation for what could be later this year. I think a lot of Americans will be caught off guard and speechless, but then again so many of them are not into international economics, global geopolitical developments, exchange rates and foreign currencies, let along realizing that middle of the day in Omaha Nebraska does not mean middle of the day in Manila, Phillippines or Tokyo, Japan. And chatting to other freepers both openly and through Freep Mail all throughout Asia whom I think see things coming more clearly than perhaps many other people/just my take. Diversification and vigilance are the touchstones and watchwords in my book. Good luck to you down there in the Philippines with your personal situation. Doing the same up here in Japan. Thanks again, fellow resident of dynamic ASIA.
bump
“as it is also obvious that the current government has no checks or balances and want complete power in their corruption.”
I agree with your assessment.
Now, go ahead and give us your best guess on the make-up of obuma’s fearsome army to give the ghetto thug “complete power in their corruption.”
>>If you truly think about it; all of this 0bamaCare stuff...
...Is presently having its guts ripped out by a bi-partisan group in the Senate.
“Senate group omitting Dem health goals”
http://apnews.myway.com/article/20090727/D99N33S81.html
That fat lady ain’t sung yet.
That's easy for you to say.
Snicker
This is scary, should I take my money out of the bank?? Lol.
No problem, show it around.
Doesn’t make it wrong because of your “feel”. Check the follow up and see if it feels better? Or saddens you further
http://noiri.blogspot.com/2009/07/economic-collapse-to-trigger-social.html
Hitler years was intended to indicate why Hitler came to power and an era not exact dates.
Be happy, be well
Take a look at this “confirmation”.
http://noiri.blogspot.com/2009/07/economic-collapse-to-trigger-social.html
FYI AntiMullah has several thousand visits a day from some 70 countries
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