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markinspain

Bankster Holiday Planned For September?

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http://www.prisonplanet.com/bankster-%E2%8...-september.html

Bob Chapman’s influential International Forecaster is reporting on the possibility of a so-called “bank holiday†planned for late August or early September. According to Chapman’s sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate.

“Some US embassies worldwide are being advised to purchase massive amounts of local currencies,†writes Harry Schultz, “enough to last them a year.†Schultz publishes the Harry Schultz Letter, an international investment, financial, economic, and geopolitical newsletter named as “Newsletter of the Year†by Peter Brimelow of Market Watch in 2005 and 2008.

Schultz believes the global elite are in the process of engineering an FDR-style “bank holiday†of undetermined length in order to “sort-out the bank mess†and impose new bank rules.

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.

In other words, FDR engaged in one of history’s greatest rip-offs — that is until now.

FDR not only ripped-off the American people, but foreigners holding dollars as well, thus ensuring the “Great Depression†would spread around the world like a bankster engineered contagion.

As Schultz notes, another forced “bank holiday†will likely lead to a formal devaluation of the already broadsided U.S. dollar. “But devalue against what? The euro? Doubtful. Gold? Maybe. Or vs. the IMF basket of currencies,†which he feels is more likely.

In fact, this is precisely what the globalist have in mind. In March, the media reported the IMF was poised print billions of “global quantitative easing†dollars to be dubbed global “super-currency†to address the (bankster engineered) economic crisis. “The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them,†declared Simon Johnson, former chief economist at the IMF.

We'll have to wait and see.

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Probably tinfoil. If the US government wants to sell yet more bonds all it needs to do is crash the stock market again.

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