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Bank Holiday Rumor?

 
Stu
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User ID: 16666051
United States
12/25/2012 05:08 PM

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Bank Holiday Rumor?
The following came from a navy seal reporting to Bill Murphy of GATA on Friday.

We should be cognizant of the fact that we may have a banking holiday very shortly:


Bill:


I don’t know whether this will help in offering any explanation as to the reason(s) behind the incredible amount of intense attacks on gold and silver we are currently witnessing but here goes.
As you may remember from prior e-mails to you, we are a Military contractor and therefore from time to time we receive certain information as to what’s going on. Today I was informed that FOR THE FIRST TIME EVER some (if not all) of the Navy Seal Officers (at least in Team 7) were forewarned to have their wives and family members stock up and keep in reserve two weeks of food and one month’s supply of money.
The exact time as to when this would be required was undefined; however, it sure sounds to me like the long awaited National Bank Holiday may be not too far away.
Dean



[link to harveyorgan.blogspot.com]
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Anonymous Coward
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12/25/2012 05:22 PM
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Re: Bank Holiday Rumor?
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godzilla85

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12/25/2012 05:23 PM
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Re: Bank Holiday Rumor?
Coming from the financial industry myself I can tell with with all certainty there is no such talk of that kind right now. Not even on the grapevine with people I know who have sway in the organization I work for. The only thing I've been hearing is that there is a sense of panic among the more wealthy folks about the "fiscal cliff" and how tax increases are going to affect their bottom lines. Wether that means they become more conservative with their spending, put more of their money in tax deffered type of accounts or wether they simply take their assests and run into a more tax sheltered territory are the biggest unknowns.

From what I've seen if anything they've been more conesrvative and have simply been shifting to putting their non essential funds into tax deffering accounts in an attempt to ride it out.
Anonymous Coward
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12/25/2012 05:45 PM
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Hales
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12/25/2012 05:47 PM

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Re: Bank Holiday Rumor?
*

Last Edited by Hales on 04/05/2013 11:54 PM
Anonymous Coward
User ID: 9247375
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12/25/2012 06:08 PM
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Re: Bank Holiday Rumor?
Coming from the financial industry myself I can tell with with all certainty there is no such talk of that kind right now. Not even on the grapevine with people I know who have sway in the organization I work for. The only thing I've been hearing is that there is a sense of panic among the more wealthy folks about the "fiscal cliff" and how tax increases are going to affect their bottom lines. Wether that means they become more conservative with their spending, put more of their money in tax deffered type of accounts or wether they simply take their assests and run into a more tax sheltered territory are the biggest unknowns.

From what I've seen if anything they've been more conesrvative and have simply been shifting to putting their non essential funds into tax deffering accounts in an attempt to ride it out.
 Quoting: godzilla85


People in the financial industry are the LAST to know. My friend had a big title at Lehman Brothers(8 million dollar bonus) and I had to tell him the ship was sinking.

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