Many Predict US Financial Collapse in September

Various Sources ^ | 07/27/09 | Several Sources

[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.

[Dubya-M-DeesWent2SyriaStupid!]

I see many sitting homes with no foreclosed sign on them.

I know people in the business of cleaning up/mowing/brush-hogging properties; that all stopped. The only way empty homes are being somewhat cared about/cleaned up by banks is if the board of health gets involved.

Your summary seems spot on.

People are so dependent on online bill paying they won’t know what to do if they feel the need to pull all money out of the bank. It will be chaos by Oct. Common sense prevails.

I don’t know if 0bama will back FDIC no matter what, or not. How far does he want to go to force in his utopia is the question?

But it is going to get real ugly and the only hope will be 0bama’s global tax/governance commie utopian dream.

If you truly think about it; all of this 0bamaCare stuff is a dog and pony show to shock and awe. It will go through, global tax and much worse will go through, kaos will prevail. As crazy and sad as it sounds... I read the book and I know who wins in the end.

[FreepShop1]

Do you work in the markets? Are you a trader? Not only you are trying to push people to get into a the biggest and most dangerous fake bubble in history but you are also advertising some particular brands to buy.

I am someone who got my head handed to me in the 2000-01 collapse of the markets, when my mutual funds got gobsmacked. So I began to educate myself in technical analysis to protect my future investments. What I didn't expect is that I would make more money from my investments than from my job. I am not trying to lead everyone into a crash. I said to "play light" at this point since it is late. But just as we all got screwed by the perma-bulls in 1999, so are people sitting on their cash terrified by the perma-bears like Business Insider, which have a definite axe to grind. Those sewing fear have caused many folks to miss out on 40-50% profits in just a few months (and far more than that with my picks).

[sergeantdave]

“4. advance round-ups of “insurgent U.S. citizens” likely to move against the government,”

It should be fun watching the fat slobs at ACORN rounding up the 1st Marine Division and 101st Airborne.

[rudman]

So I went to the original article, read it, and tried to source the references. The top website - internationalforecaster, is down - marketwatch.com doesn’t say what the author claims it said, and benjamin fulfords site is unsubstantiated clap trap. He is probably a closet democrat trying to make us conservatives look like idiots when we tell everyone the banks are closing in two months.

I mean, c’mon - Korea and Iran are controlled by the British world order? How thick does your tinfoil need to be to write for the antimullah?

[SJackson]

Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

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[dennisw]

Fall is a time of reckoning. The summer harvests are in or maybe the growing season yielded little. Winter is setting in. The winds grow colder and sober up people

A down economy means Obama hare brained schemes do not pass Congress

[verity]

Y2K....all over again.

[voicereason]

bump for later read.

[SunkenCiv]

Thanks FARS. But this is the umpteenth time we’ve seen this same story over the past few years, and this one isn’t even sourced per se.

[Dubya-M-DeesWent2SyriaStupid!]

Yeah it may all be back sourced conspiracy with propaganda mixed in. But crap is going to hit the fan that is just common sense.The AP (MSM) can’t even report the truth on POTUS policy. They are trying so hard to play catch-up now on 0bama and who he truly is. So I am not looking for an AP or market watch announcement on another housing bubble bursting the same time an old one gets uncovered for what it is.

FDIC is as broke as soc. security. The government has to back it or there will be utter choas.Do you think they will back FDIC? 0bama wants global utopia, deny this and then there is a discussion of what kind of future...more of the crap we are in now. Common sense prevails, crap is going to hit the fan. It would now be helpful to now not discuss a denial of this but ways to survive reasonably unscathed as it is also obvious that the current government has no checks or balances and want complete power in their corruption.

[Moonman62]

This stuff may be true, but the injection of “helicopter” into the description of Bernanke and the use of “criminal” in the description of the U.S. Fed makes it sound like a crank. It doesn’t have the feel of a well-reasoned analyst.

Yes, this article comes right out of Kookville. Besides, the "helicopter" idea originated with Milton Friedman.

[ExGeeEye]

Bit like Hilter (sic) years...

(Historical Note: The period of hyperinflation in Germany occured during the immediate post WW1 era under the Weimar Republic, and the stabilization of the currency by backing it with real estate was brought about in 1923 with the introduction of the Rentenmark. The economic hardship borne by the German people during this time, and the distrust sown among them of bankers and speculators, may have assisted the rise of Nazism; however, by the end of 1923 Hitler was in prison for his part in the "Beer Hall Putsch", and though he would gain early release the following year, his prospects for achieving power would seem, without hindsight, dismal.)

Source

[mainerforglobalwarming]

As soon as congress comes back from recess and passes socialized health care, it will be a catalyst for the markets and economy to implode.

[GOPJ]

The story behind the $500 billion on the Fed’s books Many heads were wagging as Federal Reserve Gang Boss Ben (helicopter) Bernanke was grilled about why the Federal Reserve Board sent $500 billion overseas in late 2007. Bernanke says the money went to 14 other central banks but he is lying. What really happened is that the Federal Reserve Board, facing bankruptcy at the end of the secret fiscal year of 2007 went begging to all the other European central banks for money to postpone its bankruptcy for another year. In other words, that $500 billion that appeared on its books in late 2007 are IOUs sent to 14 countries. At the time this maneuver was reported as an infusion of $500 billion into the markets by the European Central Bank. Well, like a junkie going around mooching off old friends, there comes a time when nobody is willing to pay for a self-destructive habit anymore. That is what happened in September 2008. The US criminal government has been looting everything it can from its own American slave peoples since then in a desperate effort to postpone the inevitable. September 2009 will have Obama going around asking for $2 trillion or more and he ain’t going to get it.

Lori - was this published in a Chinese newspaper? Is there any other backup information?

Ping.

[JDoutrider]

Marker...

[Peter W. Kessler]

Maybe, but at least we’ll have health care.

[Alamo-Girl]

Thanks for the ping!

[kara2008]

ping

[pabianice]

[null and void]

Just so you know, I’ve stolen that one...