Monday, October 6, 2008

The Meltdown and You

Folks, I don't want to panic anyone (as if there isn't enough to go around) but there is a real possibility that a bank holiday could be called. If that happens, you're out of luck if you don't have cash on hand. As a precautionary measure, I would take out enough cash to last you through a week or so, but I can't say for sure how long any holiday would last. Right now, the Fed has printed up billions more fiat money and injected it into the system with no affect. They are running out of options fast.

Monitor the situation closely and do what you think is right.

If the US authorities cannot resolve the crisis with financial, monetary and economic measures, and increasing internal social violence and political insecurity were to affect the US and its key allies, then the crisis will go into geopolitical and military mode. If an extended banking holiday is forced upon the Bush administration, freezing banking accounts, deposits, ATM machines (just like the "Corralito" - i.e., the "baby play pen" - that Argentina suffered starting 1st December 2001 generating unimaginable hardship to our country), this may later lead to trying to resolve the problem on a the international geopolitical stage by "kicking the chessboard".

More here.

On a brighter note, I quote from a news bulletin I received today:

Fed Chairman Ben Bernanke is scheduled to speak at the National Association of Business Economics'annual meeting on Tuesday afternoon. He will discuss the economy and financial markets.

Yom Kippur, the Jewish day of atonement, starts Wednesday at sundown. This should result in lower volume on Thursday. The Stock Trader's Almanac says buying on Yom Kippur and selling at the start of Passover has been a profitable strategy.

Isn't that something? You can expect to see the stock market melt down until Thursday, when it gets a breather from the jewish onslaught.

Tell me again how jewish control is a "canard"?


Jeff ( Va. Rebel ) said...

Wonder what may happen when everybody makes a run to get their money out ? Believe that's happened in our past before .

I don't keep over a 100 in the bank at any given time , unless it's short term to cover a bill or purchase .

Yep , I think we're fixing to see alot of scared and pissed off folks . Lock 'n load time fast approaching .

Orion said...

That's what they are afraid of and why they would call a bank holiday. This market is melting down fast. Check Kentucky True News on my blog roll for what happened to 4 billion just before lehman collapsed.

I hope the time for bullets has arrived. I've prayed for it everyday.

Jeff ( Va. Rebel ) said...

Revelation 18 is playing out .