My Predictiion : Black Monday December 6.

[Toto deVeer]

There's been a lot of talk about Black Mondays and Black Fridays. Here's my prediction:

France is going to trigger a bank holiday by December 6 (could be sooner). This will spread internationally; the financial system is too fragile. Where this is evidenced may be elsewhere. It could first be evidenced in America; and this is not predictable.

Here we see famous personalities in France such as Cantona calling for a revolution to kill the banks. At the same time you have the confluence of other factors, Keiser calling for 'silver bullets' to bring down JP Morgan, a company with 60 trillion in derivatives on it's books.

This is serious stuff. Banking is nothing more than a confidence game. And confidence is evaporating. Here's a couple of vids to gain some understanding.

Good luck. Revolution is around the corner.

http://www.youtube.com/watch?v=0bJK9K05Hgo

[fellow]

France is going to trigger a bank holiday by December 6 (could be sooner). This will spread internationally.

I've been through many bank holidays before and it wasn't that bad. I even got the day off work.

[Toto deVeer]

I've been through many bank holidays before and it wasn't that bad. I even got the day off work.

They don't like bank holidays in America though. The last one was in 1933 (four years after the stock market crash).

[Harry Monk]

I haven't had a failed prediction in the Black Day Sweepstake yet, can I book Wednesday?

[Toto deVeer]

I haven't had a failed prediction in the Black Day Sweepstake yet, can I book Wednesday?

Sure. But by Wednesday the revolution will be over.

[Stars]

The French guy is talking about taking the system down (fair play), the British guy is talking about buying up lumps of metal so JP morgan will take a hit through a raised price of silver (which incidentialy benefits anyone holding silver of which he is clearly one).

To my eyes there seems to be a gulf between them in terms of vision

Edited November 13, 2010 by Stars

[interestrateripoff]

Time will tell.

There does appear to be huge stresses building in the system. So far they have to well to avoid total systemic failure in the system.

[Toto deVeer]

The French guy is talking about taking the system down (fair play), the British guy is talking about buying up lumps of metal so JP morgan will take a hit through a raised price of silver (which incidentialy benefits anyone holding silver of which he is clearly one).

To my eyes there seems to be a gulf between them in terms of vision

Maybe it's best to do both. Withdraw your cash and buy silver.

[needsleep]

We shouldn't need to take down the banks but we do need to change the way they work to de-risk the retail banking sector. Vince Cable spent a lot of time talking about. Can we expect much from him? Most likely no.

[Stars]

Maybe it's best to do both. Withdraw your cash and buy silver.

If you buy silver, isn't the seller likely to deposit the money in a bank account?

I predict a viral campaign to buy silver, for supposed moral reasons, making some bank accounts very full indeed

[R K]

Keiser says what he's told to say by his employer, Russia Today.

Eric Le Dieu is mistaken for the following reason. We have seen what happens when people decide to withdraw their cash from banks in the case of Northern Rock. The government of the day simply transfer the maturity shortfall from the depositors to the taxpayer. They did this with cross party agreement i.e. no need (or desire) to seek a mandate even though 98% of account holders were fully protected by the then £35,000 'guarantee' (nothwithstanding that this too would require taxpayer bailout, but that's a separate issue). In other words the bailout was an agreed transfer ow wealth from the 98% to the top 2%.

Following this process the 'government' transfers these assets to their associates in the Spanish private bankstering family, the Botins, whilst bleating on that we're all in this together and must pay for the deficits they have created via this asset transfer being forced out of work, having services and social benefits cut and taxes rise.

Eric's idea would be nice if it worked but if you think the Queen and her agents are going to sit idly by and watch their wealth transferred to you and their land asset values slashed then you're living in fantasy world.

http://www.youtube.com/watch?v=7HtuA2NxReA&playnext=1&list=PLE7E94C7EA82E1ED4&index=10

[Errol]

the British guy is talking about buying up lumps of metal so JP morgan will take a hit through a raised price of silver (which incidentialy benefits anyone holding silver of which he is clearly one).

To my eyes there seems to be a gulf between them in terms of vision

I don't think you understand just how big JP Morgan's (and other banks) silver shorts are.

[Errol]

Anyway, presumably we can do our bit by spreading the word (and Cantona's video around a bit). It would be interested to see what would happen if 5 million people all withdrew money on the same day.

[Scott Sando]

For 4 years now as soon as any money goes into my account it gets withdrawn, what yall waiting for 2012AD.

[Toto deVeer]

It will be interesting.

Here's where I think it could have some real impact. I agree that the response will be to bail out the banks. But this time it could bring down a number of already fragile coalitions, and create a great deal more popular unrest.

And if it does hit someone like JPM, well they are too big to bail (TBTB), I believe.

Edited November 13, 2010 by Toto deVeer

[Stars]

I don't think you understand just how big JP Morgan's (and other banks) silver shorts are.

If it looked like panning out, JP would just make a hedge

Go for it - if you want to support the owners of silver. Personally, these people have done about as much for me as JP morgan

Edited November 13, 2010 by Stars

[Scott Sando]

How?

[tallguy]

Why do you think this would be a good idea? All it would do is ensure total socialised losses.

Why can nobody accept the precedents that have been set? The governments have made it quite clear they will prioritise the financial system over the welfare system.

I of course don't disagree with the principle, but doubt this is the way to do it. I can't see anyone winning in this event.

Let's even say it 'works' and the banks are kowtowed. What then are your demands to government and the banks?

What it would do is to force the b*stards running thew show toface the prospect that they are going to have to suffer equally along with the rest of us in the terms of paying down of the debt.

As things stand the status-quo is that on the way up the rich get richer and on the way down the poor get poorer.

Yeah, right.....

What a f*cking joke

Edited November 13, 2010 by tallguy

[Toto deVeer]

I agree in theory but I still don't understand exactly how bank runs will aid the taxpayer, and nobody is offering any real suggestion of 1) What 'we' would be demanding and 2) How 'they' are going to suffer?

No. The issue is who do your elected officials work for? They have been working for the banks/big business, that's for sure.

Let them lose their jobs. Let governments fall. Repeatedly. Until they clearly understand who they must work for...their constituents.

[Errol]

You're right, he knows nothing of which he speaks.

True, but then again neither do bankers, Government leaders, economists etc etc.

[tallguy]

Keiser says what he's told to say by his employer, Russia Today.

Eric Le Dieu is mistaken for the following reason. We have seen what happens when people decide to withdraw their cash from banks in the case of Northern Rock. The government of the day simply transfer the maturity shortfall from the depositors to the taxpayer. They did this with cross party agreement i.e. no need (or desire) to seek a mandate even though 98% of account holders were fully protected by the then £35,000 'guarantee' (nothwithstanding that this too would require taxpayer bailout, but that's a separate issue). In other words the bailout was an agreed transfer ow wealth from the 98% to the top 2%.

Following this process the 'government' transfers these assets to their associates in the Spanish private bankstering family, the Botins, whilst bleating on that we're all in this together and must pay for the deficits they have created via this asset transfer being forced out of work, having services and social benefits cut and taxes rise.

Eric's idea would be nice if it worked but if you think the Queen and her agents are going to sit idly by and watch their wealth transferred to you and their land asset values slashed then you're living in fantasy world.

http://www.youtube.com/watch?v=7HtuA2NxReA&playnext=1&list=PLE7E94C7EA82E1ED4&index=10

Of course they wouldn't sit idley by. They would close the bank doors and man them with soldiers who would pass out money rations.

That's fine though.

The pretence would be over.

At which point the people would have to face-up to the real choices confronting them instead of the b*llshit alternatives thay are otherwise bamboozled into choosing between every day of their lives.

Edited November 13, 2010 by tallguy

[Toto deVeer]

Of course they wouldn't sit idley by. They would close the bank doors and man them with soldiers who would pass out money rations.

That's fine though.

The pretence would be over.

At which point the people would have to face-up to the real choices confronting them instead of the b*llshit alternatives thay are otherwise bamboozled into choosing between every day of their lives.

We're on the same page here. The politicians have to be wrenched out of the hands of the banks, or there is no hope.

[Toto deVeer]

So we'd be better off with a period of anarchy? Maybe I happen to think so, but I doubt this is the collective perspective.

We are fast approaching a state of political instability in almost every country of the world. Anarchy is around the corner; it's just a matter of where it sits on the Richter scale...

I just hope that people are vigilant and clever enough to recognise 'false flags' and 'agent provocateurs'...

[Toto deVeer]

Ding Ding!

FRENCH GOVT COLLAPSES

From BNO: French Prime Minister François Fillon has offered the government's resignation, which President Sarkozy has accepted, palace says. Pursuant to Article 8 of the Constitution, Mr. Fillon presented to the president the resignation of the government.

[Toto deVeer]

Right. I read that. Seems to me to be a bit of a technicality whereby the existing cabinet resigns en masse (did you see what I did there? ) before a reshuffled cabinet is announced.

Last five minutes the headline changed from:

'French Government Collapses' to 'Entire French Government Resigns Ahead Of Ministerial Reshuffle'.....