Tag Archives: China

More Sexy Gloom & Doom – Who Chases Whom?

Holidays usually echo a positive connotation. Not so when banks declare them – as had been the case in the 1930-ies to in an orchestrated movement shut down many smaller banks and at the same time force people into fiat (paper) money. The praised Swiss basedHarry Schulz Newsletter just mentioned an interesting fact: „Some US embassies worldwide are being advised to purchase massive amounts of local currencies, enough to last them a year.” Harry Schulz thinks that this is a significant indicator for an engineered „bank holiday“ as it already happend in the 1930-ies. Kurt Nimmo explains the process in an article on infowars:

„On March 5, 1933, in the depths of the banker engineered “Great Depression,” newly elected Franklin Roosevelt declared a “bank holiday” that forced banks closed for four days. Roosevelt then rammed the Emergency Banking Act through the legislature. Passed by Congress on March 9, the act granted FDR near dictatorial control over the dealings of banks. It also allowed the Secretary of the Treasury the power to compel every person and business in the country to relinquish their gold and accept paper currency in exchange.
On March 10, Roosevelt issued Executive Order No. 6073, forbidding people from sending gold overseas and forbidding banks from paying out gold. A few weeks later, on April 5, Roosevelt issued Executive Order No. 6102 ordering Americans to deliver their gold and gold certificates to the Federal Reserve bank in exchange for paper fiat money.“

When?

Schulz believes that the banking holidays could be in late August or in September. In any case it will be at a time when many people are on vacation and possibly not even have access to news. It is the same with starting wars: You usually do it during festive times when all are drunk or sleepy after heavy meals, when public affairs and the media rest. So therefore August seems to be a good time to me. Another candidate for me would also be thanksgiving, which is in November and one of the biggest holidays in the US.
However, the overall situation is extremely volatile and if I would be ‘orchestrating‘ this, I would certainly leave more options open. There are lots of speculations floating around and it would be wise to follow your gut more than charts or computer models, since we have, at least years ago, switched to a very different kind of economy – to war-economy. Therefore the ,old-fashioned‘ ways of predicting the market have to a great extent lost their meaning – also because it is a much more regulated market now. You better understand that we now live in a quasi socialistic/communistic planned economy, or at least this is the strong direction into which we are steered.

What to Do?

Apart from shifting to precious metals, Schulz advises that the

„… Biggest danger to U is having cash, time deposits, CD’s in banks, as warned before. They can be lost in bank closures, or at best frozen for 6mos to 3 years. Some banks already quietly closed. It’s govt policy not to reveal any bank vulnerability in case it scares off possible buyers of a bank—so U will never get a warning. Safest is switch to shortest-term govt bonds (90-day if pos) of any 1st world country. But not US, due to Amero threat, US$ downtrend & FXC. Inflation-indexed govt bonds are fine.“

Schulz becomes more specific when he later mentions the US $ which will for obvious reasons – one is simple that there are so many newly printed now – devalue much more during the coming years. As others he states that for the ordinary man with no balls for super risky business, it is the time to protect and not to make profits. Protection here – and this is important – does not mean protection of your money. Because money is paper and always exposed to inflation; even more now when it is exposed to hyperinflation. So money in the form of prints on paper is no means to buffer one‘s savings – at least not any more since the invention of un-backed currencies.

Save Havens? Switzerland and China

Maybe one of the safest currencies will be the Swiss Franc. Of course, because the banksters who planned all these various coups need also a safe haven for their liquid capital. Since Switzerland is a geographically small and well protected country with low probability of social unrest, it is still the ,safest‘ place to store wealth for many who have the size to afford it. This had been the case during the last world wars and will continue. So, don‘t listen too much to the UBS-US relationship propaganda! I believe it is of no significance in the end. Wall Street still needs the Swiss haven a lot and so does the London City. Maybe this tiny quarrel is even a distortion-maneuver to force the small and middle sized millionaire‘s money out of the Swiss banks and into the new US stocks bubble … or to just draw away attention from the opposite, that certain big sums just now are floating into the Swiss safe haven. There are many options. Think through all of them and think big! If ever, then it is now to think in bigger dimensions. Not only because of the obvious reasons as „we are living in a globalized world“, but because things of big proportions will change enormously fast during the coming years; thus making the total impact much bigger compared to the non-synchronized events of the last decades and generally after WW II.
Another relative save currency could be the Chinese Yuan. China continues to buy large quantities of gold and seems to work on a gold-back up for its currency. But, as the international forecaster puts it: „Politically both China and the US face populations that are profoundly unhappy and if major changes are not made in both societies, both are ripe for revolution.“

Devaluation of the $ – Against What?

What are the alternatives to the $ as a world currency? The €? Gold? A basket of currencies – like the IMF basket? A US bank holiday would undoubtedly shatter the remaining trust into the $ and would lead to a formal devaluation of the $. Kurt Nimmo envisages the outcome as doing „wonders for any ,regulation‘ the FED and the bankers have in mind“. Therefore we must assume, that if such banking holidays are on the way that this is the direction where it should lead. The final goal, and there is no doubt about it, will be a global currency, edited by an uncontrolled giant FED 2.0 – not the US FED, but a similar privately owned construct like all he major central banks – with global dimensions, and of course under a new name. That at least is the aim of the fellow illuminists. If we let it happen, if we let ourselves again delude by media and bureaucracy, will be another story.

PS: I am an amateur in economics. Nevertheless, I believe, that many economists of today either don‘t see the wood behind the trees or at least for various reasons pretend to do so. The basics of economy have not changed and despite the creation of fantastic market-structures, and above all Wall-Street inventions, some things have not changed. The strength of an outsider might here lie in less prejudices when selecting sources for citations and again to present alternative viewpoints which are more connected with other fields of knowledge. These other fields and their integration into economy are increasingly becoming more important.

PPS: I really like the J.P. Morgan Chase Logo! From a quabbalistic viewpoint it is almost perfect! Amongst many meanings it simply says “you are surrounded by the ring of Mordor. Also nice, the swastika cutting through it … and let’s not forget the Kaaba. If you start analizing the letters of J.P. Morgan Chase, it becomes even more surreal …