From Harry Schultz:
Dear Bob:
Bob Chapman’s Int’l Forecaster newsletter revealed (5/20) this startling intelligence (from within US State Dept & embassies):
”Some US embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of US cash to purchase currencies from those govts, quietly. But not £’s. Inside the State Dept there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.”
Bob quotes another source that “Panasonic has told their people to be back in Japan by Sept 09.”
Harry Schultz, dean of newsletter writers, has quoted the Chapman letter of May 30 regarding US embassies being sent large amounts of cash with which to buy local *currencies, to last them a year. Here is Harry’s remarkable take on the situation:
“My HSL suspicion is that the elite plan another FDR style “bank holiday” of indefinite length, perhaps very soon, to let the insiders sort-out the bank mess which is getting more out of their control every day.*Insiders want/need to impose new bank rules. Widespread nationalization could result, already under way. It could also lead to a formal US$ devaluation, as FDR did by revaluing gold (& then confiscating it). But devalue against what? The euro? Doubtful. Gold? Maybe. Or vs. the IMF basket of currencies (which seems more likely)—& much in the news recently. Any kind of bank holiday will push the US$ lower, which may be a bonus benefit to their ongoing scenario of letting the $ fall. Such a fall would get the devaluation they want without having to declare it. In sum, the insiders want more bank & system control, fewer banks & a lower US$. A bank holiday would suit all their needs.
Obviously, U can’t open safeboxes if the banks are closed, so plan accordingly. All this is speculation, but we have to go with what we’ve got, scraps of info that point to certain possibilities. In any case such a closure will, IMO, come sooner or later, as the worst of the embedded derivatives are still to be faced. We are years away from solving them because the controllers don’t want to; their fingerprints are all over them. ***
PS: during the FDR bank holiday, thousands of banks never reopened; it was a face-saving way of shutting them down. I would guess the same would occur today; thousands have little or no net value, loaded with debt, bad mortgages.
••• *PPS: A Bob Chapman subscriber reported overhearing 2 FEMA jacketed men talking to a police chief in Calif. They wanted to federalize the police across the US. They (govt) would be closing banks in late Aug, early Sept & that it will get ugly.” Prepare for worst case, as any good Boy or Girl Scout would do. J”
Posted by Economic analyst at 12:13 PM
Anonymous Coward User ID: 698278 6/22/2009 2:00 AM
i say this on different threads. this is not the way we will go out. when the monster planet shows itself in the daytime sky the economy will still be running although struggling. economics becomes completely moot at that point.
its part of your spiritual development!
Anonymous Coward User ID: 563351 6/23/2009 1:15 AM
Either the US will default (not pay) interest on it's existing debt, or the dollar we pay it with will be worthless for all intents and purposes. Either way, it's a default and we are as a nation declaring bankruptcy to the rest of the world.
Look out. Our major creditors will not take to that kindly.
Anonymous Coward User ID: 618285 6/23/2009 1:37 AM
i say this on different threads. this is not the way we will go out. when the monster planet shows itself in the daytime sky the economy will still be running although struggling. economics becomes completely moot at that point.
its part of your spiritual development!
Quoting: Anonymous Coward 550600
ok. tell us how you know this.?
how do you KNOW that that the economy will still be running when PX nears?
Anonymous Coward User ID: 703369 6/23/2009 1:42 AM
i say this on different threads. this is not the way we will go out. when the monster planet shows itself in the daytime sky the economy will still be running although struggling. economics becomes completely moot at that point.
its part of your spiritual development!
ok. tell us how you know this.?
how do you KNOW that that the economy will still be running when PX nears?
Quoting: Anonymous Coward 618285
I think what he is saying is that bank holiday may not be the last nail for the economy may still be functioning but the last nail would be when everybody sees PX
Anonymous Coward User ID: 710444 6/24/2009 4:27 AM
HSL is still sticking with its 20-year "V" formation forecast, but emphasizes that within the current 10-year downtrend phase there will be rallies that will "last 1-2 years." It attributes its current success to "successfully trading almost daily, especially in commodity stocks (coal/potash/energy/ fertilizer/gold). Take profits constantly and rebuy on mini pullbacks. Prefer non-U.S. dollar companies; many such companies are listed in U.S. & Canada or Australia."
HSL says: "The world is staggering today between stagflation and net deflation right now; it varies widely around globe. Net deflation is a maybe 35% risk, due to toxics and/or deepening depression. Bit more likely, we'll slowly creep up to a dangerous 4.5% inflation on average, medium-term. But the wild card is the currency risk, which has a 50% (?) chance of boiling over and causing literally overnight (i.e. 24 hours) mega inflation in the asset markets."
Nevertheless, in the very short term, HSL's charting leads it to say: "we MAY not get a new bear market decline that many bears are predicting. Likewise, DJIA & S&P500 may build a Head-and Shoulders right shoulder."
HSL's currently recommended allocation:
• 35%-45% Government notes, bills and bonds. (Not U.S.)
• 8%-10% Stocks (non-golds).
• 10%-30% Commodities, via futures, commodity stocks and/or physical assets.
• 35%-45% Gold stocks and bullion.
Anonymous Coward User ID: 641987 6/24/2009 5:35 AM
how about the possibility that the iranians inspire people HERE to follow their lead, and to sock it to our OWN government? i bet you that's on the minds of the PTB. it'd be a bittersweet thing, though- that the citizens of a country we've been conditioned to dislike put us to shame with their solidarity and national character.
Anonymous Coward User ID: 428255 6/24/2009 5:53 AM
how about the possibility that the iranians inspire people HERE to follow their lead, and to sock it to our OWN government? i bet you that's on the minds of the PTB. it'd be a bittersweet thing, though- that the citizens of a country we've been conditioned to dislike put us to shame with their solidarity and national character.
Quoting: a passing cloud
Actually people don`t need to follow the iranians` example, but to do more:
[link to www.godlikeproductions.com]
If they just do the same, it`s not gonna work.
Anonymous Coward User ID: 566027 6/24/2009 7:40 AM
This blog post, is just that; an opinion... It names no sources and links nowhere. It is a combination of Internet rumors that have been floating around and quite frankly could, in part, come to fruition. Yet, this post itself, without any credible sources, is worthy of little.
Anonymous Coward User ID: 710511 6/24/2009 8:11 AM
This blog post, is just that; an opinion... It names no sources and links nowhere. It is a combination of Internet rumors that have been floating around and quite frankly could, in part, come to fruition. Yet, this post itself, without any credible sources, is worthy of little.
Quoting: Anonymous Coward 566027
I sort of agree but it is the sources are credible and have a reputation to protect. Harry Schulz has an extremely good track record and has been around wall street for decades. These are not Sorcha Fall type people.
Anonymous Coward User ID: 701032 6/24/2009 9:10 AM
Disclaimer: This website exists for entertainment purposes only. The reader is responsible for discerning the validity, factuality
or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every
effort to review the material posted on this site however, it is not realistically possible for our small staff to manually
review each and every one of the more than 10,000 posts GodlikeProductions gets on a daily basis.
The content of post
on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in
no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of
the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or
administration of GodlikeProductions.
This site may contain adult content and if you feel you might be offended by such content, you should log off immediately.
Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone. Users are encouraged to USE DISCERNMENT and do their own follow up research while reading and posting on this website. Godlikeproductions.com reserves the right to make changes to, corrections and/or remove entirely at any time posts made on this website without notice. In addition, Godlikeproductions.com disclaims any and all liability for damages incurred directly or indirectly as a result of a post on this website.
This site is provided "as is" without warranty of any kind, either expressed or implied. You should not assume that this site is error-free or that it will be suitable for the particular purpose which you have in mind when using it. In no event shall Godlikeproductions.com be liable for any special, incidental, indirect or consequential damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
Some events depicted in certain posting and threads on this website may be fictitious and any similarity to any person living or dead is merely coincidental. Some other articles may be based on actual events but which in certain cases incidents, characters and timelines have been changed for dramatic purposes. Certain characters may be composites, or entirely fictitious.
We do not discriminate against the mentally ill!
Fair Use Notice: This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to civil rights, economics, individual rights, international affairs, liberty, science & technology, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information please visit: http://www.law.cornell.edu/uscode/17/107.shtml
Please be aware any communications sent complaining about a post on this website may be posted publicly at the discretion of the administration.
This Disclaimer is subject to change at anytime.
Mail Webmaster with questions or comments about this site.
Didn`t we already have one last year?
