[FARS]

Horrifying wake up call that Obama has destroyed us beyond repair. Our local currency is the Dollar and it may not be worth anything much in a couple of months or so. What can we stock up on for a year's reserve?

Specially if the Dollar crashes so do other currencies very quickly after that. Buy Pesos while the dollar has some value and go live in Mexico?

Hard not to feel desperate with Obama-Hussein in the Obama House

[Luke21]

Do you know what it’s like for Americans in Mexico without a worldwide panic existing?

[rabscuttle385]

May God have mercy on these United States of America if such an event occurs.

[FARS]

Terrifying to be potentially going through this with th Chicao Gangstere team running th ecountry kinto the ground.

Want to bet Obama will disappear to Kenya and live comfortably or at least in an easy survival mode while we all crash and burn?

Just like Saddam Hussein, Oba-Hussein has his bolt hole ready.

[ErnstStavroBlofeld]

I agree

[FromLori]

Wow good stuff I posted the original Market Watch story but did not know about the Benjamin story was that originally in Chinese? 07/27/2009 米連銀のバーナンキ議長と$５０００億の行方について 世界中の多くの人々が米連組のバーナンキ議長による「５０００億ドルの行方について」のコメントに驚いた。彼はテレビ番組で、そのお金の行方について「知らない」と語った。 「他の14カ国の中央銀行に貸した」という証言があるにも関わらず、そのお金の行方について「知らない」と言うのは全くの嘘である。本当は２００７年の秘密裏年度末の際、米連銀が倒産を避けるために欧米の他の中央銀行に乞食のようにお金を借りた。その５０００億ドルはそれらの銀行に対する借用証書に過ぎない。当時この出来事は欧州中央銀行が市場に５０００憶ドルを投入したと報道された。 薬物中毒者が友人に薬を購入するお金を頼む際と同じように、ある時期になると皆に見捨てられる。同じように戦争中毒者であるアメリカの犯罪政府も、２００８年の裏年度末に誰からもお金を借りることが出来なかった。それ以降アメリカの犯罪政府は時間稼ぎのために北米大陸から盗めるものを盗み時間稼ぎをしている。しかも２００９年の裏年度末にはオバマが世界から２兆ドルを借りようとしているが、アメリカが戦争中毒を止めない限り絶対に借りられないだろう。 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.

[AlexW]

“Specially if the Dollar crashes so do other currencies very quickly after that. Buy Pesos while the dollar has some value and go live in Mexico?”

Well, I am living on pesos, Philippine Pesos.
Since January, they have held pretty steady at 48 pesos/dollar.

My worry is that I now live on Social Security which
comes to my Philippine bank by direct deposit. I then have to convert dollars to pesos.
I have to live in fear of a dollar collapse, as well as a failure of social security.

[Lancey Howard]

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

"bank holiday"

Ironically, the word "holiday" is a contraction of the two words "holy day".

[Cringing Negativism Network]

This exact same story was floating around about 3 months ago.

Sounds like someone just put a new date on top.

Just my .02.

[BP2]

Gosh, ya think?!

The FDIC has been quietly training thousands of accountants, property managers, asset appraisers, etc -- http://www.fdic.gov/about/jobs/oncamp.html. In your neighborhood, you may know of empty houses with NO “For Sale” sign out front that have NOT been statutorily-foreclosed on. WHY?

The Financial Accounting Standards Board eased the rules on mark-to-market bookkeeping in April. But the banks can't keep the foreclosed properties off the books FOREVER.

When banks are "compelled" by the FDIC to begin executing on the mass of "non-foreclosures" that have been piling up the last few months, the new rules will bring all those non-executed foreclosures onto the books. When that happens, they'll be forced to ‘mark to market’ and will have to put the new low value of the properties onto their books. The huge loses mean they'll be even further uncapitalized, and the government will force those banks to raise more capital, or close down.

As a result, it's really worse than the banks are reporting ... in more ways than one!

Within months, the Second wave of foreclosures will start kicking in, while the FDIC Deposit Insurance will have dried up because the public does NOT want more Bailouts, as inflation starts to spike due to piles of HARD cash sitting in the Federal Reserves...

$300 Billion in Foreclosures since October; $1.4 Trillion between now and Fall 2012 ...

Most likely, the FDIC Deposit Insurance funds have dried up since Mar 09 -- it just hasn't been disclosed to the public yet...


The US Treasury is printing money like mad, and the public wants NO MORE BAILOUTs.

But hey -- swine flu vaccine should be free from the government...

[spyone]

Well, one thing’s for sure...the dollar is tanking tonight!

[what's up]

Anti-Mullah is supposed to be some fount of wisdom?

Jim Willie of goldenass.com is one of the sources?

Please.

[ReneeLynn]

Where are those ‘oh noes!’ people?

[LucyT]

Many Predict US Financial Collapse in September

Horrifying wake up call that Obama has destroyed us beyond repair. Our local currency is the Dollar and it may not be worth anything much in a couple of months or so.

Ping to article; don't miss #6 and #17.

~New tagline.~

[FreepShop1]

Keep buying while these idiots bitch and moan. The market climbs a “wall of worry” Everyone on this forum knows by now I have been yelling “buy” for almost 6 months. Kudos to the dozen or so of you who told me you bought crude futures, PALM, F, GS, CYOU (IPO) and/or BZH on my signal. Dow 9k call was ridiculed by dozens for the past 3 months. Now we look for 10k by Labor Day. If you missed much of the move, play light. Good luck.

[Danae]

W
T
F

Jesus LORD have mercy. I am buying more silver.

[Rennes Templar]

I’m not worried, The NYT made a profit last quarter. If the Grey Lady can do that, our economy can recover from anything, even The One.

[GiovannaNicoletta]

bookmark

[D-fendr]

This kind of rumor spreading is not helpful or good. We have enough economic problems without folks trying to spread panic.

IMHO.

[the invisib1e hand]

"many?" "various sources?"

yo! where's the "vanity" disclaimer?

[screaminsunshine]

I was thinking October. A more tradition month for a depression to start.