I think we over rate debit card use. It's not as ubiquitous as some think it is. The govt. is printing massive amounts of Federal Reserve Notes because debit card use can not handle monetary use. FDIC funds depleting is proof we will see stricter withdrawal limits from banks and a banking holiday like the Argentina corralito. FDIC fund will go bankrupt by the end of Feb. 2010 & we will have the bank holiday, higher prices & a larger denominated currency issued($1,000 bill and higher).
I have been wondering if you could help me. If there is A NWO (New World Order) what is the (Old World Order?)
Is the Civil war (NWO) or OWO? Is the Holocaust NWO or OWO? Is School shootings NWO or OWO? Is The Banking theft NOW or OWO? Is corruption NWO or OLD WORLD ORDER? Is child abuse NWO or OWO.
What you are getting are mini bank holidays as they close down failing banks. Essentially they are having mini bank holidays over the weekends as they merge and reconstruct individual banks.
The danger of a major bank is unlikely what is more likely is major hyperinflation as the dollar devalues.
Now that the world is going off the US dollar for oil the fall of the dollar as Max Keiser says "is baked into the cake"
China is NOT going to honor derivative hedge contracts for silver. China is keeping there silver and giving it to there citizens for protection from the coming hyper inflation crises. China is going to break the silver market and the dollar. One Billion plus Chinese people dumping dollars and buying silver and gold all of Asia and the world following china . We are doomed God help us. search utube for who let the china silver bulls out
What was said was it will happen in Sept. Supposedly this police department had been trained by FEMA to prepare for civil unrest due to this proposed event. The dubbed phrase was called 'summer rage' and would be a form of Martial Law that would be imposed on the public. Along side of this operation, food and supply vouchers would be handed out by police departments under the supervision of FEMA. This introduced combination of designed swine flu 'epidemic' along with B.H. will create this.
One passage of this video explains everything perfectly.
Everything will possibly happen will sound like "We are going to help you", not "we are doing this for screw you".
Internet is going to be a place where you can hardly talk seriously about serious stuff without somebody arrives with aliens mind control end of time reptiles satan bullshits.
90% disinformation, while the elite obv exists, and it's about money.
...presto. The government just seized an amount of wealth equal to all the ounces of gold confiscated, multiplied by $14.33. I have not researched the exact amount this equates to, but I'm sure it was significant. Essentially, this wealth was stolen from the people, and put into various work projects that did little, if anything, to better the economy, and only dragged out the Great Depression even longer...
... Which set the stage for the Gold Reserve Act The Gold Reserve Act. This outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in Fort Knox and other locations. The Act also changed the nominal price of gold from $20.67 per troy ounce to $35 per ounce.
Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce.
Emergency Banking Act in March 1933: To authorize the Secretary of the Treasury to order any individual or organization in the United States to deliver any gold that they possess or have custody of to the Treasury in return for "any other form of coin or currency coined or issued under the laws of the United States.
(This set the stage for Executive Order 6102 next post)...
I think you may be right on. If there is any bank closures, it will be part of an overall general order for all business within a specific local as the result of a temporary and sudden emergency like response.
"swindle flu"= massive DIVERSION to keep the dumbed-down American People from understanding what is facing them: a second major collapse of the toxic derivative market, collapsing US banks a second time & operationally send the United States into massive chaos.
LAB CREATED H1N1 'Pandemic' Accordingly, the crime syndicate ruling elite is looking forward to (ab)using their 'created' H1N1 flu to declare "Martial Law" and a state of emergency given the imminent collapse of the Federal Reserve...
I work for a business in California that does debt collection. Last Friday, one of our clients gave us the opportunity to settle in full on their Bank of America accounts for as low as 15%. However, it was only if it was done on that day. I also heard directly from management where I work that at least one other agency was allowed to make settlement offers for as low as 8% for BoA.
Please understand it is necessary for me to be somewhat ambiguous due to the nature of this business.
Thank you for replying and I understand your reluctance to provide all details. I understand that the nature of business is to make a profit and to mitigate any and all losses as much as possible. BoA's decision to take a one-day cut on collections indicates either desperation or the need to balance some ledger somewhere that no one will ever see. However. The fact remains that taking 8 or 15% on a debt at any time is a bad sign.
If the FDIC runs out of money, they'll just tap into their line of credit with the treasury. This really shouldn't cause a huge panic...all it will do is make the problems worst in the long run with inflation, since that line of credit is just more borrowed money. So depositors money will be safe and sound (in nominal terms) either way.
Today is August 26th and nothing has happened as of yet.I still am prepared just in case and I hope you are all prepared as well. Have 3 months of expenses on hand and have gold and silver iv you can get it.
Noone has touched on the fact that the FDIC is to come out with the balance today which is why it is believed that tomorrow could be the holiday.
In other words, the last colonial bank failure has absorbed the remaining insurance. This could trigger the event, but at the same time, we all know that the printing presses will take the future funding for the re-stock of the FDIC.
Hooray Printing Presses, Man I hope they dont' run out of ink!!!!!!!!
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
Bob Chapman is talking about the same information, "that the Treasury is telling US Embassies to load up on 1yrs worth of local currency." Check out his youtube channel
Anyway I came back to put my $.02 in on why i think this is happening. I think this is to cause a panic, and create bank runs. Just as it happened prior to the depression. I dont use banks anyway so I mean it doesnt matter to me anyway. I just worry about the people who would be effected by something like this actually happening. God forbid it does, and I hope it doesnt.
I watched a few different videos about this, and none of them made any sense....Then I saw that Vision made a video about it, and it all makes sense. Thx Vision for explaining this is such detail... :)
Exactly right . Politics and banks arent supposed to mix . Thats what the whole problem is here . That is what needs to stop and they started it by nationalizing banks .
I believe there will be a run on the banks very soon . First of all , the devaluation of the dollar is accellerating . People have lost alot already and are not willing to loose any more . The rumors , true or false , of a bank holliday will just bring it on even sooner .
The best researchers always only use primary sources. That is the gold standard. Anything else is gossip and rumor. In case anybody else noticed, the 81st bank failure of the year was announced this morning. It was quickly snapped up by Spanish interests. The consolidation of the financial sector rolls along...
Harry Schulz never said that there would be regional bank holidays that is simply wrong! That info. comes from another posting made by a reader of Steve Quayle who posts that a "CIA" connection confirmed regional bank holidays. Schulz also never said that it would definitely be on August 26th. He said that he believed that it could possibly be a good date because it is the day after the FDIC report on August 25th. Please don't go on video across the internet and state untruths.
My gut and little experience tells me if there is a way our government can keep this charade going they definitely will. I would be shocked if there were a bank holliday before the end of August. There is only so long we can carry this charade on though.
dude sounds a little "gay" to me, oh my goodness, i better get my dick out of bush's mouth! Meanswhile, sba isn't lending and banks are not lending and the sbic's aren't lending, neither the ssbic's.....so maybe this black haired nerd has a point and maybe that is why my mother and i both cleaned out our safety deposit boxes last week! I have all of my bullions safe and sound!!!!
Oh, I love a know it all skeptic. Dude, why dont you pull up the clip of congressman Paul Kanjorski explaining the whole situation on C-Span. It is interspersed with clips from Rollover the 1981 movie that depicted very well what could have happened. Oh, start saving your pennies for the day when a pizza will cost $30. Its already taking place in my community.
Will the FDIC tell the truth about their financial status? Or, will the government find a way to couch the FDIC report in terms designed to soft-pedal the truth and soothe people's fears? I took most of my money out of the bank today, but the bank wouldn't let me take it all, so I have to go back tomorrow and get some more. If nothing happens, I'm certainly no worse off and I can put it back when I feel the situation is more secure.
I can think of a reason that a bank holiday might ensue--the FDIC is bankrupt and they have their quarterly report to give on Tuesday, August 25th. What they say at that time will have much to do with people's reactions on the 26th, and whether or not there will be a run on the banks.
In a recent speech President Obama said the economy had been pulled back from the brink. The Brink was about a year ago when there was an electronic run on the banks of about $500 billion dollars. However, this was one instance where the Fed stepped in and saved the day. They stopped what could have been a liquidity crisis and a REAL run on the banks. However, the consequence will be a guaranteed series of tsunami waves of inflation.
Dude, the "run on the banks" never happened in October. The FED PULLED LIQUIDITY which resulted in banks not having the reserves. This move, which the FED inititated resulted in the panic and the resulting theft of $700bn of our money.
Haha...this guy cracks me up. He called the state dept. to find out if embassies are instructed to hoard cash, thats like someone calling the Pentagon to ask if the US is doing covert operations in Iran. Did he honestly expect someone to tell him that yeah, its true and we're also planning a bank holiday on such and such date. Pretty naive to think the govt. doesn't have secrets that the public doesn't know about. Who is this guy? What are his credentials and What makes him an expert?
Until the banks are closed down, completely, they will keep comitting crimes against the people (Biblical proportion crimes).
We need to, not only take control of the banks (as Obama and Brown are doing), but take control of the peopel who have taken control of th ebanks, on our behalf.
Obama is great, in principle, but if he gets to do exactly what he likes, with our money, he could become just as bad, as he wants to be good.
Only "Workers Power" will keep them under control.
A few messages down someone asked the definition of a bank holiday. Well, bank holidays are when banks are temporarily closed to prevent massive runs where out of panic people rush to withdraw their money.
I think the bank holiday is one step towards a currency change. Haven't heard much lately about the Amero or NAFTA. The emerging tech is frightening. I read tech magazines and everything we do is going to be tracked. There are GIS/surveillance systms that can hear a gunshot and target the area, what else can they hear, conversations? What do bankers do on bank holidays??? What is the purpose?
It is sad that what can be a wonderful teaching too like YouTube is being used as another mechanism to spread gossip, rumor, panic and bad information. There is no need to collapse the economy when the same game has worked like a charm: inflate the currency. We all should watch this closely. Its one game that works across generations and classes. Why should the movers and shakers stop what has worked historically?
I can see you retile boy .. your starting to show.. my my what are all you asshole gonna do when everyone see you. Its bottom jay is its head loo at his eys under its nose. I SEE YOU>>>>>>>>>>>>>>muaaaaa and so will everyone else by nov 21 22 of this year ha ha too late asshole.
Consider the possibility of a "Bank Holiday" as a transition event in order to seperate the currency into two parts: a foreign trade currency and a garrison currency.
Should I spend it? Buy gold? What happens to metals in a deflationary (stagflationary) economy? Wouldn't the price/value decrease? Couldn't the feds just declare holdings of gold illegal? How would people trade in their bullion for a new currency if the same gold is illegal to own?
I'm leaning towards guns, ammo, & food. Those things will always keep their value and be highly desirable.
If the dollar is about to crash maybe I should lift my truck while I still can.
silver all the way dude. stuff will become underground and black markets all over. it'll probably be a lot like a war or a martial law style situation. keep up with the guns ammo and food and you won't go wrong.
to triage911: I might suggest putting some of your money in American silver coins(1964, 90% silver, kennedy half dollars). Silver is way undervalued compared to gold. Also.....silver was "not" confiscated during the great depression as gold was....so possibly the fed would lay off silver if a gold confiscation occured.
Steve Quayle mentioned on Alex Jones' show last week that this bank holiday might happen between the 20th and the 26th of this month. Your credit and debit cards will NOT work. This is prepping up for a one world currency or a currency shared with Mexico and Canada. All American paper money will be worthless when the holiday is over. And FEMA, American military, and cops is preparing for riots, so they are ramping up the concentration camps.
Hi Dan, I would just have some cash on hand just in case. It won't hurt, but one never knows. I'd rather hold on to a few hundred or more to tide me over in case there is a run on the banks. I heard the same thing from Bob Chapman from the International Forecaster. He stated that foreign embassy's were told to stock up on local currencies.
Yes...it's not like you are losing income from the loss of interest the banks pay on savings and checking deposits. The loan sharks can meanwhile use your money. At least small street thugs just beat you up when you are late. These bank sharks evict your wife and kids to the street and then the IRS threatens you with jail. Sweet.
The first video I watched on this subject was the only other one on the topic that I'd ever watched. EVERY comment said "Pull your money out!". Well that's how the Great Depression happened.. I say pull a little cash out and if the shit hits the fan it won't be long before we all go to a barter system anyways... Then you can use your dollars to start your campfire. IF that even happens..
PS - I watched an InflationNation video that says you can't withdraw more than like $10,000 a day as an average person. Maybe its BS, but how can you have a run on banks if they limit your daily withdrawal?
Who cares if there is a bank holiday? There will be no run on banks because if there is they will just print more money. Banks have so much cash sitting around from the bailouts -- they don't give a shit. Go take your ten grand out or even your 100 grand out. Big deal. You won't make a dent on their assets. They just print more paper. Your dollar is worthless, get used to it.
to yugster: a "Bank Holiday" in the usa usually means some disasterous situation has taken place or there is a perception by the federal govt. that there might be a "run on the banks". I think it only happened once before in the great depression.
If you remember the movie Week At Bernie's in that movie two guy's tried to prop up a dead guy all through the movie.And when people would ask why are you holding up that guy.They would say this guy isn't dead he's just drunk.Well the U.S. economy isn't drunk it's dead.Chrysler GM you know the old saying so goes GM so goes America.The U.S. economy is dead!!! The Bilderberg Group was in Greece May 13 thur the 18.
Perhaps these people are stupid. They're so blinded by corruption and greed that they can't see the big picture. If there is to be a bank holiday, it will be by surprise. They'll know that people will not be sustained for a long period of time before the reset. Of course, as you say, the "reset" will occur. This time..the conspiracy Amero..will take the dollar's place. Only time will tell. Stock up on some gold and silver.
I don't think there'd be any bank holiday if you or I know about it. If something happens it'll happen fast, no avarage Joe will have any clue! Sorry, but those guys are too smart up there, plus they got the power. Of course for years I was changing my currencies for precious metals! One day this fiat money system will be over!
Linhh82, you are starting to ask good questions we all started to ask. You are in for a wild ride down the rabbit hole. It's not a right or left wing. Don't fall for divide and conquer. Republicans and Democrats are like cereal in the supermarket. You had Count Chocula and Captain Crunch in last election. Read the fine print on the box. They are both general Mills brand. It's an illusion. Also, follow the money. It's all money & power since the beggining. It's not about caring 4 you!
@CoinsFreedom It's that and class warfare. They're raping us of tax payer wealth, saving themselves at the expense of the whole country. They want you and I to be on the hook for it.
October? I'm betting on it... late Oct, beginning of November.
~r has a date (I can't say as I am comped to his site) that falls in the same timeframe... and assorted "wave theories" out there all point to the same timeframe.
Better to be prepared and look "foolish" rather than be foolish and not prepared
I've watched a lot of video on the bank holiday subject. With all the problems the Fed is having, combined with the low financial strenght of the FDIC, combined with rotten data for every other facet of US economic news, and I think the old saying, "something's gotta give" comes into effect. How long can all this stuff go on without a reset button being pushed.? let's face it, the confidence of the American people is almost to the breaking point. Soon, we will know.
I bailed on the banks months ago. Closed down the safe deposit box. Converted savings into silver, and just keep low balances to cover bills. Food stocks are increasing, ammo supply at 11,000+ rounds, junk silver and silver eagles slowly increasing - life is getting calmer with less panic! Thanks be to GOD!! Many thanks Daniel, you helped to open my eyes months ago. My family owes you a debt of gratitude! Keep posting, keep preparing, and stack 'em deep! GOD Bless!
One reason is the FDIC potentially being broke. The FDIC's 2nd Quarter report is due out August 25. If the report is bad, perhaps the gov. would fear a bank run even though FDIC can borrow from the Treasury to cover losses. If there was a bank holiday around this time, I think the FDIC report would be the reason. Public Confidence is crucial. A bank run would devastate recovery efforts. If banks closed for a bank holiday to reset gov. could try to sway public confidence in the interim.
I HOPE YOUR RIGHT BUT THIS HAS BEEN ON THE CARDS FOR 6 MONTHS IT WILL HAPPEN BUT IT WILL HAPPEN AS A BETA TEST SO BOB CHAPMAN THINKS, HE DOES NOT THINK IT WILL KILL THE COUNTRY BUT IT WILL SET THE PRECEDENT AND PEOPLE WILL PREPARED FOR THE NEXT BIG ONE.
who knows but the dollar is dead over the next few years and the debt can never be repayed so this will happen its just when
Could it be tied into Russia and China and The EU trading oil in their own currencys and not the dollar? I heard that the dollars strenght is tied to this, I'm I wrong?
Homeless people die after bird flu vaccine trial in Poland
Three Polish doctors and six nurses are facing criminal prosecution after a number of homeless people died following medical trials for a vaccine to the H5N1 bird-flu virus.
I sure am glad big Pharma got immunity clauses for this emergency vaccine!!!
New credit card rules go into effect today that are supposed to be "consumer friendly", such as mailing out bills a mimimum of 21 days before payment is due, discontinuing the practice of universal default, and a few others.
Meanwhile, Chase announces that the mimum due on accounts will go up from 2% to 5% starting this month, meaning a payment of $100 on $5,000 balance will balloon to $250.
I asked my bank months ago if the banks were closed (a bank holiday) would I still have access to my safe deposit box. I was told no. I assume the same would be tru to debit cards. I suggest folks call their banks and ask. Better yet pull out any extra cash now. Then it does not matter what the banks do.
Yahoo News: 10,000 new bank branches in past 5 years. Data from the Federal Deposit Insurance Corp. shows that the nation's 99,000 banks generally followed the money. About two-thirds of all neighborhoods have a median household income higher than the national average; about two-thirds of the new bank branches were in those neighborhoods.
lyndon larouche has a lot of interesting things to say. However, he did say that John McCain would be president. So not everything he says can be beleived.
the same reason we'll continue to see banks failing is teh same reason we'll have a bank holiday. How can you not see that. A bank holiday doesn't mean that the banks CHOOSE to close, the banks close because they are broke. The printing press can only print so fast and it's not fast enough, otherwise no banks would be failing.
A bank holiday right now doesn't make sense. Especially in the digital age. If anything we will continue to see the trend of banks failing. Now that will put strain on the FDIC and when you see that fail it will be too late but at that point you'll definitely see bank runs and bank holidays.
You know, that whole god devil thing is a little out there too.
Adults laugh at Santa Claus. Sentient beings laugh at the Biblical God. Like I said in a previous post, They don't call it the Holy Bible for no reason!
I like you, so I won't be a dick on this issue. I simply am poking you in the back to disregard the fantastic.
One theory is that if they can create a panic and run on the banks, they could have reason to initiate martial law. If people can't transact or buy goods, there's social unrest and a need for the gov to step in. They can then blame the people for the run on money and need to reorganize banking just like they blame them for the trillions ala Peter Schiff. You can then count on food lines and possibly mandatory shots if the gov has to step in with Fema. Maybe that's way out of the box.
Here's a little tidbit. I sent money to some outsource people last week in Ukraine. It wasn't a huge sum of money but Western Union didn't have the dollars to give them on hand (just over $1000). That tells me they don't want a lot of those greenbacks sitting around and are using strict inventory control. I mentioned it to my bro last week and now we're hearing about this stuff. WU is owned by First Data and those guys are shrewd bankers in the know. Maybe it means something/maybe not
Well it's true. *cough* How many banks failed in the S&L crisis? I guess that was in another life, before mine.
Anyway, enough with that doomsday crap. I saw Jesus Christ floating down on a cloud over my bank, just today. I rushed in to get it, but it was Sunday. Does that mean I'm gonna die?
musical chairs soon, digits in bank accts dont match actual notes. once they start trying to match them to physical $, there'll be many w/o a chair/paper. it's the game/test they play/wage on all, they own the chairs & the music u march to & they make the music stop & start for/at their benefit. I hear Aug22 but sense major probs eta midsept. also, digital$ = fiat-fiat, paper is fiat. biz will want/prefer paper offer savings digi-$ gets looted, debt/tax/fees, automatically,corps aid corps(e)
Don't know if this means anything but....I opened my Chase bill the other day which is normally due on the 22nd of the month. It said my due date has been pushed back to August 28th to give me more time to pay. I never requested a different due date. Thought it was strange...
Massive banks will close. the massive debt gave access to too many people to the physical cash. the bailouts are NOT electronic. Physical cash is printed or borrowed from China to exchange for electronic debt.
It is FALSE that there is NO limit to the bailouts. The Fed can only print so many dollars/minute. The demand for physical cash is growing faster than the Fed can print. Larger bills will have to be created or we face massive defaults.
I just want to make the point that the demand for physical cash has not grown because of panic but because of the expansion of credit which has given more people access to this physical cash over the years during the boom of easy credit. The panic won't start untill after too many banks have failed to meet depositors. The massive debt is what causes the bank run, not the panic. The panic will be the effect of the bank run, not the cause. Know that.
The massive debt has already happened and too many people have access physical cash. The banks are continuing to fail because there is not enough physical cash to meet the demand that was created due to the credit boom. And the printing presses can't print $100 bills fast enough. Larger bills will be created in an attempt to make good on the deposits. Default is death to the banking system. Banking is bad for the world. The world will be better off without banking. Hoard physical silver.
By closing branches and limiting everyone to only use ATM's it's an ideal way to control a bank run: withdrawal limits. They could click their mouse and limit EVERYONE to only a few hundred bucks a day. A further limit is that ATM's have a finite amount of cash to start with.
Wouldn't want to be the ATM cash filling man! Riots won't happen in banks, they'll happen around Brinks trucks..
According to webbots there should be an acceleration of the credit crisis from Aug.22-Sept.30 . Probability of bank holiday after October 25 after the crisis goes international. There's a lot of predictions out there. Just be prepared for whatever and whenever it goes down.
i think that all paper currencies world wide will collapse. the dollar will go first creating the domino effect. any new currencies like the fabled amero will be electronic. i think due to the wave of awakening coming on the banksters have to go for broke and try and nail the lid shut globally
Gerald Celente has been calling bank holiday's and bank runs coming up months ago. Bob Chapman has also allegedly warned of extreme risk of bank holiday's approaching october. But Harry Schultz was unique in that he even gave a specific time. From memory there is some important report coming out the day before the 26th that is expected to be bad enough in some way to need to shut the banks for a while to adjust to this news?
To cromagnan - It is the similarities of the two parties and not the perceived differences which are bankrupting the United States. Whether Democrat or Republican, the size of the federal government will increase. Whether Democrat or Republican, defense spending will increase. Whether Democrat or Republican, multi-national corporate interests will dominate over the common good of man. Whether Democrat or Republican, citizens will continue to lose more freedom and liberty. Paul Turner
This comment has received too many negative votesshow
No, how about a parent of kids who need health insurance and other things YOU REPUBS don't want us to have. I and others like me have been paying taxes for decades, only to see a Ass like Bush use our money to attack Iraq. It's now time for the Democrats to fix your screw ups.
Your spewing your right/left wing crap to the wrong audience. Nobody that subscribes to this channel cares about demopublic or republicrat B.S. Were focused on the fact that soon the whole economy will collapse and then nobody will have health care. Go preach your democrat propaganda on some other channel.
i think this is evident in that fdic is nearly bankrupt and if it does happen then people will immediately react by pulling their money out. it would be ironic if the bank holiday now would be centered around fdic insurance since the one in the depression was to create fdic.
I thought the FDIC deposit insurance was created to prevent bank holidays. The FDIC is going to announce they are broke again after getting re-funded. The reason they increased from 100k to a 250K insured account limit was to prevent runs on banks. The insolvent banks (people's savings at risk) are growing exponentially. This is serious folks.
A "Bank Holiday" will happen, as it did during the first depression, it's just a matter of when.
Our government fools have spent our money to only buy sometime to keep the majority of US citizens from realizing what's really going to happen in this country.
The end of this fiscal year is closely approaching, as we'll see then just how "solid" the economy is.
In 2006, a recession spawned by subprime loan defaults was called a conspiracy theory too...
The banking system is insolvent. Go look at the books some of these banks!!! The only reason a lot these banks are NOT closed right now is they are being allowed to OUTRIGHT LIE about the value of their assets!
And you think the possibility of a bank holiday is a conspiracy theory because your friend is a cop and he said so?!?!?
If your friend was a REAL COP instead of REVENUE COLLECTOR, he would be out busting the REAL CRIMINALS which are at the top of our FEDERAL GOVERNMENT AND THE BANKING INDUSTRY which are working in collusion TO ROB US ALL!!!
Bob Chapman's newsletter just said they will make a new US currency after an emergency G-20 and we will trade in 3 old dollars for 1 new one. A bank holiday would be the transition to hit the RESET button.
The most obvious reason for a widespread bank run: the FDIC has exhausted its deposit insurance fund, as of the Colonial sale to BB&T. Checkout Denninger's and Mish's blogs on this.
Thank you for supplying a level headed look into the American situation. So much on YouTube can be classified as fear mongering or delusional optimism. Neither I can use. As a Canadian, I'm very concerned about my neighbors to the south. A lot of you have gotten a pretty deal of late. Learn all you can!
Economists Call for Bernanke to Stay, Say Recession Is Over
Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman, and they said there is a 71% chance that President Barack Obama will ask him to stay on, according to a survey.
Meanwhile, the majority of the economists The Wall Street Journal surveyed during the past few days said the recession that began in December 2007 is now over.
If you surveyed most of those economists Jan 2008 they would have said we weren't entering a recession. And they would be busy laughing at Peter Schiff.
Anyhow Cromagnon -- your opinion is great to hear, good for open debate of alternative points of view. One day I predict you'll snap out of it and see another picture, but until then keep arguing your side. :)
there's deflationary days where everything goes down but the dollar. Wouldnt bank runs be extremely deflationary? It would shock the entire economy..any transaction that has to be made really. Wouldnt there be a run to the dollar for that time?
Expect that foreign countries holding USD will NOT be devalued (US probably has a plan to keep them whole). For US citizens, expect 'force majeur' to kick in on all bank loans... the loans will be revalued at the new devalued rate (i.e. you will still owe the same purchasing power units on your loans)... In this case the government (bank leaders) will control who get's fcked and who stays happy. -- Just my opinion :)
Bankers control this country. US consumers don't have money we have debt which is owed to the bankers. Why would the bankers devalue money that's owed to them? That's not in their best interest. Only large countries hold tons of scrap dollars (china, russia, japan, etc..) if we fck them over, they'll drive a lead pipe up our ass.
So when the 'devaluation' happens, don't expect it to happen evenly across the board. Expect this: not all dollars will be devalued equally.
I have no more information other than many websites linking to the same story on a bank holiday. I believe this is going to happen, with the ramping up of the swine flu vaccinations they will have an excuse to close banks maybe for a week or two saying it's a health concern. This way they can do at one time the consolidation of many of the LOCAL banks (remember alot of local banks are still on the hook for alot of realestate loans and refinancing).
Don't worry this generated crisis will not go to waste.
The leaders are preparing for civil unrest, seems as though they actually want that as part of the game plan. I think by design things need to get really bad before they try to implement the "solution", i.e. new one world monetary system (thus, bank holiday). So in my opinion bank holday over the next 1-3 months is too soon, and unlikely. However, I expect something terrible that will cause civil unrest. Precisely what? who knows.
Embattled commercial lender CIT Group Inc. was set Friday night to close a critical tender offer to buy back its debt.
The New York-based lender offered to buy at a discount from bondholders $1 billion in debt due to mature on Monday. CIT warned that if not enough bondholders were willing to sell the debt back to the company, it would likely have to file for bankruptcy protection.
If CIT collapsed, some experts feared it would deal a crippling blow to an economy still bleeding hundreds of thousands of jobs a month despite a nearly $800 billion federal stimulus program.
The retail sector would be hit especially hard. CIT serves as short-term financier to about 2,000 vendors that supply merchandise to 300,000 stores, according to the National Retail Federation. Analysts say 60 percent of the apparel industry depends on CIT for financing.
I heard this about a month ago, US embassy's around the world buying up large amounts of local currences. I am sure it was on the BBC. That doesn't mean it is true, but we shall see.
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There is a high probability to date a single mom here naneedj.info
tilanesaram 1 year ago
SHUT UP AL QAEDA!!!!
secretsquirrell13 1 year ago
Wrong again, VV.
BeBreezin 2 years ago
Don't worry folks, if we end up like Argentina in the nineties, they'll just declare marshall law.
Antiks72 2 years ago
@Antiks72 LOL!!!
secretsquirrell13 1 year ago
planetary bankruptcy reorganization.
azezel2311 2 years ago
I think we over rate debit card use. It's not as ubiquitous as some think it is. The govt. is printing massive amounts of Federal Reserve Notes because debit card use can not handle monetary use. FDIC funds depleting is proof we will see stricter withdrawal limits from banks and a banking holiday like the Argentina corralito. FDIC fund will go bankrupt by the end of Feb. 2010 & we will have the bank holiday, higher prices & a larger denominated currency issued($1,000 bill and higher).
Numonic7 2 years ago
This Bank holiday could happen anytime.. November... December...
anytime... no 3 day notice..
Buy at least 400 oz. of silver
keep it at home well hidden
not at the banks.. they will lock the doors.....
JimboJammer1 2 years ago
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I have been wondering if you could help me. If there is A NWO (New World Order) what is the (Old World Order?)
Is the Civil war (NWO) or OWO? Is the Holocaust NWO or OWO? Is School shootings NWO or OWO? Is The Banking theft NOW or OWO? Is corruption NWO or OLD WORLD ORDER? Is child abuse NWO or OWO.
Can you explain this? Something strange going on?
StigmataBOB1 2 years ago
Another failed internet rumor
What you are getting are mini bank holidays as they close down failing banks. Essentially they are having mini bank holidays over the weekends as they merge and reconstruct individual banks.
The danger of a major bank is unlikely what is more likely is major hyperinflation as the dollar devalues.
Now that the world is going off the US dollar for oil the fall of the dollar as Max Keiser says "is baked into the cake"
carlfinkle 2 years ago
holy crap, the bank will run out of electrons, and paper money,
darkfox77 2 years ago
Comment removed
283inc 2 years ago
China is NOT going to honor derivative hedge contracts for silver. China is keeping there silver and giving it to there citizens for protection from the coming hyper inflation crises. China is going to break the silver market and the dollar. One Billion plus Chinese people dumping dollars and buying silver and gold all of Asia and the world following china . We are doomed God help us. search utube for who let the china silver bulls out
golfprobro4eagles 2 years ago
EVERYBODY PANIC!!!
Ghaztoir 2 years ago 5
Just spoke with my banker. He thought that my inquiries were warrented in regard to a Bank holiday..
tesskansas 2 years ago
Blah blah blah boring shit
jamesb1248 2 years ago
What was said was it will happen in Sept. Supposedly this police department had been trained by FEMA to prepare for civil unrest due to this proposed event. The dubbed phrase was called 'summer rage' and would be a form of Martial Law that would be imposed on the public. Along side of this operation, food and supply vouchers would be handed out by police departments under the supervision of FEMA. This introduced combination of designed swine flu 'epidemic' along with B.H. will create this.
FATGIRLSRHOT 2 years ago
One passage of this video explains everything perfectly.
Everything will possibly happen will sound like "We are going to help you", not "we are doing this for screw you".
Internet is going to be a place where you can hardly talk seriously about serious stuff without somebody arrives with aliens mind control end of time reptiles satan bullshits.
90% disinformation, while the elite obv exists, and it's about money.
OT you look like Anthony Jr from sopranos :)
ChristianIce 2 years ago
There will not be any bank runs relax
mikeice4 2 years ago
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I talk about all this stuff in my videos, please watch them.
johnu78 2 years ago
...presto. The government just seized an amount of wealth equal to all the ounces of gold confiscated, multiplied by $14.33. I have not researched the exact amount this equates to, but I'm sure it was significant. Essentially, this wealth was stolen from the people, and put into various work projects that did little, if anything, to better the economy, and only dragged out the Great Depression even longer...
surferaw949 2 years ago
... Which set the stage for the Gold Reserve Act The Gold Reserve Act. This outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in Fort Knox and other locations. The Act also changed the nominal price of gold from $20.67 per troy ounce to $35 per ounce.
surferaw949 2 years ago
Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce.
surferaw949 2 years ago
Emergency Banking Act in March 1933: To authorize the Secretary of the Treasury to order any individual or organization in the United States to deliver any gold that they possess or have custody of to the Treasury in return for "any other form of coin or currency coined or issued under the laws of the United States.
(This set the stage for Executive Order 6102 next post)...
surferaw949 2 years ago
I think you may be right on. If there is any bank closures, it will be part of an overall general order for all business within a specific local as the result of a temporary and sudden emergency like response.
tesskansas 2 years ago
"swindle flu"= massive DIVERSION to keep the dumbed-down American People from understanding what is facing them: a second major collapse of the toxic derivative market, collapsing US banks a second time & operationally send the United States into massive chaos.
LAB CREATED H1N1 'Pandemic' Accordingly, the crime syndicate ruling elite is looking forward to (ab)using their 'created' H1N1 flu to declare "Martial Law" and a state of emergency given the imminent collapse of the Federal Reserve...
rg2027x 2 years ago
Bank of America is hurting for money. They have given debt collection agencies the green light to settle in full on accounts for as low as 8%.
addbball 2 years ago
Please explain the source of your info. I would like to investigate further. If BoA is in that much trouble, could be a tipping point.
jailarson 2 years ago
jailarson,
I work for a business in California that does debt collection. Last Friday, one of our clients gave us the opportunity to settle in full on their Bank of America accounts for as low as 15%. However, it was only if it was done on that day. I also heard directly from management where I work that at least one other agency was allowed to make settlement offers for as low as 8% for BoA.
Please understand it is necessary for me to be somewhat ambiguous due to the nature of this business.
addbball 2 years ago
Thank you for replying and I understand your reluctance to provide all details. I understand that the nature of business is to make a profit and to mitigate any and all losses as much as possible. BoA's decision to take a one-day cut on collections indicates either desperation or the need to balance some ledger somewhere that no one will ever see. However. The fact remains that taking 8 or 15% on a debt at any time is a bad sign.
jailarson 2 years ago
Yeh, the banks are broke. I'm not putting any money into them
Seano71 2 years ago
If the FDIC runs out of money, they'll just tap into their line of credit with the treasury. This really shouldn't cause a huge panic...all it will do is make the problems worst in the long run with inflation, since that line of credit is just more borrowed money. So depositors money will be safe and sound (in nominal terms) either way.
preppie916 2 years ago
FDIC Quarterly Banking Profile
August 27, 2009 10:00 AM
fiskpinne666 2 years ago
Today is August 26th and nothing has happened as of yet.I still am prepared just in case and I hope you are all prepared as well. Have 3 months of expenses on hand and have gold and silver iv you can get it.
poolmann2 2 years ago
What is the name of the report?
colossus48 2 years ago
Noone has touched on the fact that the FDIC is to come out with the balance today which is why it is believed that tomorrow could be the holiday.
In other words, the last colonial bank failure has absorbed the remaining insurance. This could trigger the event, but at the same time, we all know that the printing presses will take the future funding for the re-stock of the FDIC.
Hooray Printing Presses, Man I hope they dont' run out of ink!!!!!!!!
Save the Animals!!!!!! Stock up on Alpo
toddhawley 2 years ago
what time does the report come out today?
visionvictory 2 years ago
FDIC delayed releasing the report until tomorrow "sometime between 26th thru Monday 31st." They said, "Keep checking our website".
CoinsFreedom 2 years ago
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
BizReporter1 2 years ago
Bob Chapman is talking about the same information, "that the Treasury is telling US Embassies to load up on 1yrs worth of local currency." Check out his youtube channel
1776uspatriot 2 years ago
it's corroborating evidence, silly
subgenius2012 2 years ago
Anyway I came back to put my $.02 in on why i think this is happening. I think this is to cause a panic, and create bank runs. Just as it happened prior to the depression. I dont use banks anyway so I mean it doesnt matter to me anyway. I just worry about the people who would be effected by something like this actually happening. God forbid it does, and I hope it doesnt.
Dt0x75 2 years ago
I watched a few different videos about this, and none of them made any sense....Then I saw that Vision made a video about it, and it all makes sense. Thx Vision for explaining this is such detail... :)
Dt0x75 2 years ago
Exactly right . Politics and banks arent supposed to mix . Thats what the whole problem is here . That is what needs to stop and they started it by nationalizing banks .
teronman 2 years ago
I believe there will be a run on the banks very soon . First of all , the devaluation of the dollar is accellerating . People have lost alot already and are not willing to loose any more . The rumors , true or false , of a bank holliday will just bring it on even sooner .
teronman 2 years ago
I heard that months ago that the American embassies were buying up foreign currencies.
qpl4w3 2 years ago
The best researchers always only use primary sources. That is the gold standard. Anything else is gossip and rumor. In case anybody else noticed, the 81st bank failure of the year was announced this morning. It was quickly snapped up by Spanish interests. The consolidation of the financial sector rolls along...
hmorganman 2 years ago
Harry Schulz never said that there would be regional bank holidays that is simply wrong! That info. comes from another posting made by a reader of Steve Quayle who posts that a "CIA" connection confirmed regional bank holidays. Schulz also never said that it would definitely be on August 26th. He said that he believed that it could possibly be a good date because it is the day after the FDIC report on August 25th. Please don't go on video across the internet and state untruths.
Baileywick55 2 years ago
My gut and little experience tells me if there is a way our government can keep this charade going they definitely will. I would be shocked if there were a bank holliday before the end of August. There is only so long we can carry this charade on though.
doc7474 2 years ago
the FDIC has already bailed out depositors from more than 70 banks. they're out of money.
kensho3 2 years ago
dude sounds a little "gay" to me, oh my goodness, i better get my dick out of bush's mouth! Meanswhile, sba isn't lending and banks are not lending and the sbic's aren't lending, neither the ssbic's.....so maybe this black haired nerd has a point and maybe that is why my mother and i both cleaned out our safety deposit boxes last week! I have all of my bullions safe and sound!!!!
georgiagritz 2 years ago
Oh, I love a know it all skeptic. Dude, why dont you pull up the clip of congressman Paul Kanjorski explaining the whole situation on C-Span. It is interspersed with clips from Rollover the 1981 movie that depicted very well what could have happened. Oh, start saving your pennies for the day when a pizza will cost $30. Its already taking place in my community.
hmorganman 2 years ago
continued...
Will the FDIC tell the truth about their financial status? Or, will the government find a way to couch the FDIC report in terms designed to soft-pedal the truth and soothe people's fears? I took most of my money out of the bank today, but the bank wouldn't let me take it all, so I have to go back tomorrow and get some more. If nothing happens, I'm certainly no worse off and I can put it back when I feel the situation is more secure.
babykidlet 2 years ago
I can think of a reason that a bank holiday might ensue--the FDIC is bankrupt and they have their quarterly report to give on Tuesday, August 25th. What they say at that time will have much to do with people's reactions on the 26th, and whether or not there will be a run on the banks.
babykidlet 2 years ago
In a recent speech President Obama said the economy had been pulled back from the brink. The Brink was about a year ago when there was an electronic run on the banks of about $500 billion dollars. However, this was one instance where the Fed stepped in and saved the day. They stopped what could have been a liquidity crisis and a REAL run on the banks. However, the consequence will be a guaranteed series of tsunami waves of inflation.
hmorganman 2 years ago
Dude, the "run on the banks" never happened in October. The FED PULLED LIQUIDITY which resulted in banks not having the reserves. This move, which the FED inititated resulted in the panic and the resulting theft of $700bn of our money.
knobcreek1593 2 years ago
Haha...this guy cracks me up. He called the state dept. to find out if embassies are instructed to hoard cash, thats like someone calling the Pentagon to ask if the US is doing covert operations in Iran. Did he honestly expect someone to tell him that yeah, its true and we're also planning a bank holiday on such and such date. Pretty naive to think the govt. doesn't have secrets that the public doesn't know about. Who is this guy? What are his credentials and What makes him an expert?
caricomg 2 years ago
Until the banks are closed down, completely, they will keep comitting crimes against the people (Biblical proportion crimes).
We need to, not only take control of the banks (as Obama and Brown are doing), but take control of the peopel who have taken control of th ebanks, on our behalf.
Obama is great, in principle, but if he gets to do exactly what he likes, with our money, he could become just as bad, as he wants to be good.
Only "Workers Power" will keep them under control.
BusinessForum1 2 years ago
A few messages down someone asked the definition of a bank holiday. Well, bank holidays are when banks are temporarily closed to prevent massive runs where out of panic people rush to withdraw their money.
hmorganman 2 years ago
weren't there bank holidays during ww2?
maybe we should have a holiday like every wednesday all american banks close but it will be business as usual all the other days. just wondering.
nerdlymike 2 years ago
I think the bank holiday is one step towards a currency change. Haven't heard much lately about the Amero or NAFTA. The emerging tech is frightening. I read tech magazines and everything we do is going to be tracked. There are GIS/surveillance systms that can hear a gunshot and target the area, what else can they hear, conversations? What do bankers do on bank holidays??? What is the purpose?
fifthavenuegirl 2 years ago
It is sad that what can be a wonderful teaching too like YouTube is being used as another mechanism to spread gossip, rumor, panic and bad information. There is no need to collapse the economy when the same game has worked like a charm: inflate the currency. We all should watch this closely. Its one game that works across generations and classes. Why should the movers and shakers stop what has worked historically?
hmorganman 2 years ago
I can see you retile boy .. your starting to show.. my my what are all you asshole gonna do when everyone see you. Its bottom jay is its head loo at his eys under its nose. I SEE YOU>>>>>>>>>>>>>>muaaaaa and so will everyone else by nov 21 22 of this year ha ha too late asshole.
tomsanut 2 years ago
Consider the possibility of a "Bank Holiday" as a transition event in order to seperate the currency into two parts: a foreign trade currency and a garrison currency.
UrbanPistolero 2 years ago
I have about 10 grand cash.
Should I spend it? Buy gold? What happens to metals in a deflationary (stagflationary) economy? Wouldn't the price/value decrease? Couldn't the feds just declare holdings of gold illegal? How would people trade in their bullion for a new currency if the same gold is illegal to own?
I'm leaning towards guns, ammo, & food. Those things will always keep their value and be highly desirable.
If the dollar is about to crash maybe I should lift my truck while I still can.
triage911 2 years ago 2
Dont put your eggs in one basket. So mix up the gold and food and guns&ammo.
FENXMillennia 2 years ago
Silver Silver Silver trust me if you don't place your money in Silver you will regret it.
TheUrbanSurvivalistS 2 years ago 2
silver all the way dude. stuff will become underground and black markets all over. it'll probably be a lot like a war or a martial law style situation. keep up with the guns ammo and food and you won't go wrong.
semper fi
god bless ya
nerdlymike 2 years ago
to triage911: I might suggest putting some of your money in American silver coins(1964, 90% silver, kennedy half dollars). Silver is way undervalued compared to gold. Also.....silver was "not" confiscated during the great depression as gold was....so possibly the fed would lay off silver if a gold confiscation occured.
inkey2 2 years ago
Steve Quayle mentioned on Alex Jones' show last week that this bank holiday might happen between the 20th and the 26th of this month. Your credit and debit cards will NOT work. This is prepping up for a one world currency or a currency shared with Mexico and Canada. All American paper money will be worthless when the holiday is over. And FEMA, American military, and cops is preparing for riots, so they are ramping up the concentration camps.
danw2112 2 years ago
This is a good vid BTW, thanks for posting it. I think i'll sub
Americanlife702 2 years ago
Hi Dan, I would just have some cash on hand just in case. It won't hurt, but one never knows. I'd rather hold on to a few hundred or more to tide me over in case there is a run on the banks. I heard the same thing from Bob Chapman from the International Forecaster. He stated that foreign embassy's were told to stock up on local currencies.
bher1966 2 years ago
Yes...it's not like you are losing income from the loss of interest the banks pay on savings and checking deposits. The loan sharks can meanwhile use your money. At least small street thugs just beat you up when you are late. These bank sharks evict your wife and kids to the street and then the IRS threatens you with jail. Sweet.
CoinsFreedom 2 years ago
The first video I watched on this subject was the only other one on the topic that I'd ever watched. EVERY comment said "Pull your money out!". Well that's how the Great Depression happened.. I say pull a little cash out and if the shit hits the fan it won't be long before we all go to a barter system anyways... Then you can use your dollars to start your campfire. IF that even happens..
Americanlife702 2 years ago
PS - I watched an InflationNation video that says you can't withdraw more than like $10,000 a day as an average person. Maybe its BS, but how can you have a run on banks if they limit your daily withdrawal?
LiveFreeOrDieNow 2 years ago
Who cares if there is a bank holiday? There will be no run on banks because if there is they will just print more money. Banks have so much cash sitting around from the bailouts -- they don't give a shit. Go take your ten grand out or even your 100 grand out. Big deal. You won't make a dent on their assets. They just print more paper. Your dollar is worthless, get used to it.
LiveFreeOrDieNow 2 years ago
TENNESSEE banks prepping for the Ban Holiday
youtube com/watch?v=0fjxnuhzG1k
HiredGunz98 2 years ago
Can some one explane to me what a "bank holiday" means in the US? In England it just means haveing a couple of days of work.
yugster78 2 years ago
And a good weekend of drinking, I will be geting mash up this bank holiday.
carmenlee87 2 years ago
to yugster: a "Bank Holiday" in the usa usually means some disasterous situation has taken place or there is a perception by the federal govt. that there might be a "run on the banks". I think it only happened once before in the great depression.
inkey2 2 years ago
If you remember the movie Week At Bernie's in that movie two guy's tried to prop up a dead guy all through the movie.And when people would ask why are you holding up that guy.They would say this guy isn't dead he's just drunk.Well the U.S. economy isn't drunk it's dead.Chrysler GM you know the old saying so goes GM so goes America.The U.S. economy is dead!!! The Bilderberg Group was in Greece May 13 thur the 18.
DowJones16WB 2 years ago 2
Perhaps these people are stupid. They're so blinded by corruption and greed that they can't see the big picture. If there is to be a bank holiday, it will be by surprise. They'll know that people will not be sustained for a long period of time before the reset. Of course, as you say, the "reset" will occur. This time..the conspiracy Amero..will take the dollar's place. Only time will tell. Stock up on some gold and silver.
chop98 2 years ago
I don't think there'd be any bank holiday if you or I know about it. If something happens it'll happen fast, no avarage Joe will have any clue! Sorry, but those guys are too smart up there, plus they got the power. Of course for years I was changing my currencies for precious metals! One day this fiat money system will be over!
hosszuvagta 2 years ago
Daniel, the gov want people to spend money so why would they have a bank holiday. I seem to not understand this "bank holiday"
A bank holiday would cause massive panic and riots not by the right wing but rather the poor people on welfare etc.....
linhh82 2 years ago
poor peeps on welfare dont typically have bank accts,i doubt they will even notice a bank holiday. they cash their welfare into food at the grocery..
encantoman 2 years ago
Linhh82, you are starting to ask good questions we all started to ask. You are in for a wild ride down the rabbit hole. It's not a right or left wing. Don't fall for divide and conquer. Republicans and Democrats are like cereal in the supermarket. You had Count Chocula and Captain Crunch in last election. Read the fine print on the box. They are both general Mills brand. It's an illusion. Also, follow the money. It's all money & power since the beggining. It's not about caring 4 you!
CoinsFreedom 2 years ago 4
@CoinsFreedom It's that and class warfare. They're raping us of tax payer wealth, saving themselves at the expense of the whole country. They want you and I to be on the hook for it.
Antiks72 1 year ago
October? I'm betting on it... late Oct, beginning of November.
~r has a date (I can't say as I am comped to his site) that falls in the same timeframe... and assorted "wave theories" out there all point to the same timeframe.
Better to be prepared and look "foolish" rather than be foolish and not prepared
Serious things are about to trip all over
Peace and Love
FeverIAm 2 years ago
Our "leaders" will do ANYTHING to protect the wealth of their fellow cronies, including bank "holidays".
theroilsoil 2 years ago
I've watched a lot of video on the bank holiday subject. With all the problems the Fed is having, combined with the low financial strenght of the FDIC, combined with rotten data for every other facet of US economic news, and I think the old saying, "something's gotta give" comes into effect. How long can all this stuff go on without a reset button being pushed.? let's face it, the confidence of the American people is almost to the breaking point. Soon, we will know.
thaboomer53 2 years ago
I aint got no money any way
neanam 2 years ago
I bailed on the banks months ago. Closed down the safe deposit box. Converted savings into silver, and just keep low balances to cover bills. Food stocks are increasing, ammo supply at 11,000+ rounds, junk silver and silver eagles slowly increasing - life is getting calmer with less panic! Thanks be to GOD!! Many thanks Daniel, you helped to open my eyes months ago. My family owes you a debt of gratitude! Keep posting, keep preparing, and stack 'em deep! GOD Bless!
oldmrelics 2 years ago 2
One reason is the FDIC potentially being broke. The FDIC's 2nd Quarter report is due out August 25. If the report is bad, perhaps the gov. would fear a bank run even though FDIC can borrow from the Treasury to cover losses. If there was a bank holiday around this time, I think the FDIC report would be the reason. Public Confidence is crucial. A bank run would devastate recovery efforts. If banks closed for a bank holiday to reset gov. could try to sway public confidence in the interim.
66scjohnston 2 years ago
I HOPE YOUR RIGHT BUT THIS HAS BEEN ON THE CARDS FOR 6 MONTHS IT WILL HAPPEN BUT IT WILL HAPPEN AS A BETA TEST SO BOB CHAPMAN THINKS, HE DOES NOT THINK IT WILL KILL THE COUNTRY BUT IT WILL SET THE PRECEDENT AND PEOPLE WILL PREPARED FOR THE NEXT BIG ONE.
who knows but the dollar is dead over the next few years and the debt can never be repayed so this will happen its just when
liammateer 2 years ago
TY VV Great suff as allways
Could it be tied into Russia and China and The EU trading oil in their own currencys and not the dollar? I heard that the dollars strenght is tied to this, I'm I wrong?
AR15Truther 2 years ago
Homeless people die after bird flu vaccine trial in Poland
Three Polish doctors and six nurses are facing criminal prosecution after a number of homeless people died following medical trials for a vaccine to the H5N1 bird-flu virus.
I sure am glad big Pharma got immunity clauses for this emergency vaccine!!!
coultrane 2 years ago
New credit card rules go into effect today that are supposed to be "consumer friendly", such as mailing out bills a mimimum of 21 days before payment is due, discontinuing the practice of universal default, and a few others.
Meanwhile, Chase announces that the mimum due on accounts will go up from 2% to 5% starting this month, meaning a payment of $100 on $5,000 balance will balloon to $250.
I'm sure the other banks will follow.
So I have to ask, how are we consumers winning?
Trazom24 2 years ago
I asked my bank months ago if the banks were closed (a bank holiday) would I still have access to my safe deposit box. I was told no. I assume the same would be tru to debit cards. I suggest folks call their banks and ask. Better yet pull out any extra cash now. Then it does not matter what the banks do.
skybirdbird 2 years ago
Yahoo News: 10,000 new bank branches in past 5 years. Data from the Federal Deposit Insurance Corp. shows that the nation's 99,000 banks generally followed the money. About two-thirds of all neighborhoods have a median household income higher than the national average; about two-thirds of the new bank branches were in those neighborhoods.
disasterpastor45 2 years ago
lyndon larouche said total collapse in the beginning of october.
visionvictory is very credible.
KhmerD0g 2 years ago
Something is brewing for sure, low volume and the smart money is selling while joe sixpack is buying.
visionvictory 2 years ago
lyndon larouche has a lot of interesting things to say. However, he did say that John McCain would be president. So not everything he says can be beleived.
hehatemee 2 years ago
the same reason we'll continue to see banks failing is teh same reason we'll have a bank holiday. How can you not see that. A bank holiday doesn't mean that the banks CHOOSE to close, the banks close because they are broke. The printing press can only print so fast and it's not fast enough, otherwise no banks would be failing.
Numonic7 2 years ago
A bank holiday right now doesn't make sense. Especially in the digital age. If anything we will continue to see the trend of banks failing. Now that will put strain on the FDIC and when you see that fail it will be too late but at that point you'll definitely see bank runs and bank holidays.
onemindonespirit 2 years ago
You know, that whole god devil thing is a little out there too.
Adults laugh at Santa Claus. Sentient beings laugh at the Biblical God. Like I said in a previous post, They don't call it the Holy Bible for no reason!
I like you, so I won't be a dick on this issue. I simply am poking you in the back to disregard the fantastic.
coultrane 2 years ago
One theory is that if they can create a panic and run on the banks, they could have reason to initiate martial law. If people can't transact or buy goods, there's social unrest and a need for the gov to step in. They can then blame the people for the run on money and need to reorganize banking just like they blame them for the trillions ala Peter Schiff. You can then count on food lines and possibly mandatory shots if the gov has to step in with Fema. Maybe that's way out of the box.
ATAINC23 2 years ago
Its not out of the box, its been done before elsewhere.
Its a possibility.
FENXMillennia 2 years ago
Davincij15 makes a good point.
Why have a bank holiday when the FED can just print money?!!!
karenbcz22 2 years ago
Sept 5th
ATAINC23 2 years ago
8-24 to 8-26?
That's next week!!
karenbcz22 2 years ago
August 24th or 26th?
That's next week!!
karenbcz22 2 years ago
Here's a little tidbit. I sent money to some outsource people last week in Ukraine. It wasn't a huge sum of money but Western Union didn't have the dollars to give them on hand (just over $1000). That tells me they don't want a lot of those greenbacks sitting around and are using strict inventory control. I mentioned it to my bro last week and now we're hearing about this stuff. WU is owned by First Data and those guys are shrewd bankers in the know. Maybe it means something/maybe not
ATAINC23 2 years ago
Great a Bank Holiday on my Birthday. Story of my life!
buzzz121 2 years ago
Well it's true. *cough* How many banks failed in the S&L crisis? I guess that was in another life, before mine.
Anyway, enough with that doomsday crap. I saw Jesus Christ floating down on a cloud over my bank, just today. I rushed in to get it, but it was Sunday. Does that mean I'm gonna die?
TellitToMe100 2 years ago
musical chairs soon, digits in bank accts dont match actual notes. once they start trying to match them to physical $, there'll be many w/o a chair/paper. it's the game/test they play/wage on all, they own the chairs & the music u march to & they make the music stop & start for/at their benefit. I hear Aug22 but sense major probs eta midsept. also, digital$ = fiat-fiat, paper is fiat. biz will want/prefer paper offer savings digi-$ gets looted, debt/tax/fees, automatically,corps aid corps(e)
BankofSpirit 2 years ago
Comment removed
BankofSpirit 2 years ago
Don't know if this means anything but....I opened my Chase bill the other day which is normally due on the 22nd of the month. It said my due date has been pushed back to August 28th to give me more time to pay. I never requested a different due date. Thought it was strange...
Securityguy1974 2 years ago
Interesting! I'll get right on it!
buzzz121 2 years ago
How do you post a reply on this thing?
Numonic7 2 years ago
why did this reply but anything else I say doesn't?
Numonic7 2 years ago
Massive banks will close. the massive debt gave access to too many people to the physical cash. the bailouts are NOT electronic. Physical cash is printed or borrowed from China to exchange for electronic debt.
Numonic7 2 years ago
It is FALSE that there is NO limit to the bailouts. The Fed can only print so many dollars/minute. The demand for physical cash is growing faster than the Fed can print. Larger bills will have to be created or we face massive defaults.
Numonic7 2 years ago
visit marketskepticsdotcom I am Numonic
Numonic7 2 years ago
I just want to make the point that the demand for physical cash has not grown because of panic but because of the expansion of credit which has given more people access to this physical cash over the years during the boom of easy credit. The panic won't start untill after too many banks have failed to meet depositors. The massive debt is what causes the bank run, not the panic. The panic will be the effect of the bank run, not the cause. Know that.
Numonic7 2 years ago
The massive debt has already happened and too many people have access physical cash. The banks are continuing to fail because there is not enough physical cash to meet the demand that was created due to the credit boom. And the printing presses can't print $100 bills fast enough. Larger bills will be created in an attempt to make good on the deposits. Default is death to the banking system. Banking is bad for the world. The world will be better off without banking. Hoard physical silver.
Numonic7 2 years ago
so if we start hearing of 500. and 1000 dollar bills its time to light a fire? Am bringing hot dogs,buns and popcorn.
bit player in a major drama
1mealperday 2 years ago
Maybe The FED can buy some of those Hi-Tech Printers from the Japs, they can just print some more money to pay for them.
buzzz121 2 years ago
Kind of disappointed to not see anyone say this.
By closing branches and limiting everyone to only use ATM's it's an ideal way to control a bank run: withdrawal limits. They could click their mouse and limit EVERYONE to only a few hundred bucks a day. A further limit is that ATM's have a finite amount of cash to start with.
Wouldn't want to be the ATM cash filling man! Riots won't happen in banks, they'll happen around Brinks trucks..
Only chumps keep $ in banks now days. SILVER :)
TimTrimT 2 years ago
five stars as always
451andFreedom 2 years ago
According to webbots there should be an acceleration of the credit crisis from Aug.22-Sept.30 . Probability of bank holiday after October 25 after the crisis goes international. There's a lot of predictions out there. Just be prepared for whatever and whenever it goes down.
Dakarah777 2 years ago
i think that all paper currencies world wide will collapse. the dollar will go first creating the domino effect. any new currencies like the fabled amero will be electronic. i think due to the wave of awakening coming on the banksters have to go for broke and try and nail the lid shut globally
COUNTCARDULAR 2 years ago
bank holiday through out western europe??? or just usa
COUNTCARDULAR 2 years ago
Silver and gold are always valuable. They don"t go on vacation.
texpat4jc 2 years ago 2
You use your debit card for everything? You need to have as much cash on you as possible and only use cash.
Chieflandite 2 years ago
Gerald Celente has been calling bank holiday's and bank runs coming up months ago. Bob Chapman has also allegedly warned of extreme risk of bank holiday's approaching october. But Harry Schultz was unique in that he even gave a specific time. From memory there is some important report coming out the day before the 26th that is expected to be bad enough in some way to need to shut the banks for a while to adjust to this news?
mlndstream 2 years ago
OK Daniel,
Looks like all the input from your subcribers is in. And it looks inconclusive. At least to me.
thirdcoastguy 2 years ago
no way, not happening this month
chroNick546 2 years ago
I think there will likely be a bank holiday, and it may already be planned, but when they do it is anyone's guess.
hpd707 2 years ago 2
To cromagnan - It is the similarities of the two parties and not the perceived differences which are bankrupting the United States. Whether Democrat or Republican, the size of the federal government will increase. Whether Democrat or Republican, defense spending will increase. Whether Democrat or Republican, multi-national corporate interests will dominate over the common good of man. Whether Democrat or Republican, citizens will continue to lose more freedom and liberty. Paul Turner
wilsonpwt 2 years ago 4
You cant teach logic stuff like this to braindamaged ppl like cromag.
lostinthemix 2 years ago
This comment has received too many negative votes show
No, how about a parent of kids who need health insurance and other things YOU REPUBS don't want us to have. I and others like me have been paying taxes for decades, only to see a Ass like Bush use our money to attack Iraq. It's now time for the Democrats to fix your screw ups.
cromagnan 2 years ago
Your spewing your right/left wing crap to the wrong audience. Nobody that subscribes to this channel cares about demopublic or republicrat B.S. Were focused on the fact that soon the whole economy will collapse and then nobody will have health care. Go preach your democrat propaganda on some other channel.
in4mayshun 2 years ago 6
i think this is evident in that fdic is nearly bankrupt and if it does happen then people will immediately react by pulling their money out. it would be ironic if the bank holiday now would be centered around fdic insurance since the one in the depression was to create fdic.
stshell 2 years ago
The bank holiday during the depression occurred so that federal deposit insurance could be started.
Specifically why would we need a bank holiday?
I'm not saying it can't or won't happen, but to what end?
gwuengr2 2 years ago
I thought the FDIC deposit insurance was created to prevent bank holidays. The FDIC is going to announce they are broke again after getting re-funded. The reason they increased from 100k to a 250K insured account limit was to prevent runs on banks. The insolvent banks (people's savings at risk) are growing exponentially. This is serious folks.
CoinsFreedom 2 years ago
A "Bank Holiday" will happen, as it did during the first depression, it's just a matter of when.
Our government fools have spent our money to only buy sometime to keep the majority of US citizens from realizing what's really going to happen in this country.
The end of this fiscal year is closely approaching, as we'll see then just how "solid" the economy is.
theroilsoil 2 years ago
In 2006, a recession spawned by subprime loan defaults was called a conspiracy theory too...
The banking system is insolvent. Go look at the books some of these banks!!! The only reason a lot these banks are NOT closed right now is they are being allowed to OUTRIGHT LIE about the value of their assets!
And you think the possibility of a bank holiday is a conspiracy theory because your friend is a cop and he said so?!?!?
HAHAHAHAHAHA!!!!!
sublimetrance 2 years ago 2
If your friend was a REAL COP instead of REVENUE COLLECTOR, he would be out busting the REAL CRIMINALS which are at the top of our FEDERAL GOVERNMENT AND THE BANKING INDUSTRY which are working in collusion TO ROB US ALL!!!
sublimetrance 2 years ago 3
Bob Chapman's newsletter just said they will make a new US currency after an emergency G-20 and we will trade in 3 old dollars for 1 new one. A bank holiday would be the transition to hit the RESET button.
CoinsFreedom 2 years ago 2
At least he told me to get some copper slugs, cause copper kills-em while they are eating your flesh. ;)
CoinsFreedom 2 years ago
The most obvious reason for a widespread bank run: the FDIC has exhausted its deposit insurance fund, as of the Colonial sale to BB&T. Checkout Denninger's and Mish's blogs on this.
ArmedMichigander 2 years ago
Thank you for supplying a level headed look into the American situation. So much on YouTube can be classified as fear mongering or delusional optimism. Neither I can use. As a Canadian, I'm very concerned about my neighbors to the south. A lot of you have gotten a pretty deal of late. Learn all you can!
walgar2 2 years ago
Another great installment... Thanks man
rentonsentinel 2 years ago
Oh yea... Webbot predicts bank holiday around Sept. 30
I've been following Webbot stuff for months now and it hasn't missed yet during the time I've been tacking. It will be an interesting fall.
peace brother
dwfierce 2 years ago 4
Economists Call for Bernanke to Stay, Say Recession Is Over
Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman, and they said there is a 71% chance that President Barack Obama will ask him to stay on, according to a survey.
Meanwhile, the majority of the economists The Wall Street Journal surveyed during the past few days said the recession that began in December 2007 is now over.
Where is Rod Serling when you need him?
coultrane 2 years ago 2
If you surveyed most of those economists Jan 2008 they would have said we weren't entering a recession. And they would be busy laughing at Peter Schiff.
Libertarianman88 2 years ago
I'm sure you've probably heard if the Webbot Project...
Cliff and George say to be out of the market by the 22nd of Sept. Something nasty will hit between Oct. 25 and Nov. 5th.
Good Video Dan
dwfierce 2 years ago
Anyhow Cromagnon -- your opinion is great to hear, good for open debate of alternative points of view. One day I predict you'll snap out of it and see another picture, but until then keep arguing your side. :)
samsontiger1 2 years ago
Let's all go on Holiday!
cromagnan 2 years ago
You mean another Long Boring video...Annoying.
cromagnan 2 years ago
there's deflationary days where everything goes down but the dollar. Wouldnt bank runs be extremely deflationary? It would shock the entire economy..any transaction that has to be made really. Wouldnt there be a run to the dollar for that time?
AM429 2 years ago
part 2.
Expect that foreign countries holding USD will NOT be devalued (US probably has a plan to keep them whole). For US citizens, expect 'force majeur' to kick in on all bank loans... the loans will be revalued at the new devalued rate (i.e. you will still owe the same purchasing power units on your loans)... In this case the government (bank leaders) will control who get's fcked and who stays happy. -- Just my opinion :)
samsontiger1 2 years ago 2
hink about this.
Bankers control this country. US consumers don't have money we have debt which is owed to the bankers. Why would the bankers devalue money that's owed to them? That's not in their best interest. Only large countries hold tons of scrap dollars (china, russia, japan, etc..) if we fck them over, they'll drive a lead pipe up our ass.
So when the 'devaluation' happens, don't expect it to happen evenly across the board. Expect this: not all dollars will be devalued equally.
samsontiger1 2 years ago 2
OK, we'll Hink about it....
cromagnan 2 years ago
I have no more information other than many websites linking to the same story on a bank holiday. I believe this is going to happen, with the ramping up of the swine flu vaccinations they will have an excuse to close banks maybe for a week or two saying it's a health concern. This way they can do at one time the consolidation of many of the LOCAL banks (remember alot of local banks are still on the hook for alot of realestate loans and refinancing).
BuckFutterd 2 years ago
Don't worry this generated crisis will not go to waste.
The leaders are preparing for civil unrest, seems as though they actually want that as part of the game plan. I think by design things need to get really bad before they try to implement the "solution", i.e. new one world monetary system (thus, bank holiday). So in my opinion bank holday over the next 1-3 months is too soon, and unlikely. However, I expect something terrible that will cause civil unrest. Precisely what? who knows.
samsontiger1 2 years ago
If and when they do this would most likely be on a FRIDAY.
They had to do this to bring in the new currency and to have a reason for Marshal Law.
laurieannek 2 years ago
CIT Group debt tender offer set to expire
Embattled commercial lender CIT Group Inc. was set Friday night to close a critical tender offer to buy back its debt.
The New York-based lender offered to buy at a discount from bondholders $1 billion in debt due to mature on Monday. CIT warned that if not enough bondholders were willing to sell the debt back to the company, it would likely have to file for bankruptcy protection.
coultrane 2 years ago
If CIT collapsed, some experts feared it would deal a crippling blow to an economy still bleeding hundreds of thousands of jobs a month despite a nearly $800 billion federal stimulus program.
The retail sector would be hit especially hard. CIT serves as short-term financier to about 2,000 vendors that supply merchandise to 300,000 stores, according to the National Retail Federation. Analysts say 60 percent of the apparel industry depends on CIT for financing.
coultrane 2 years ago 3
I heard this about a month ago, US embassy's around the world buying up large amounts of local currences. I am sure it was on the BBC. That doesn't mean it is true, but we shall see.
IhavenonameIamaman 2 years ago
We've been prepared for this for some time now. I still believe it's very possible, so it's wise to always be ready for the uncertain.
SilverWealth23 2 years ago
Bob Chapman, Web bot, Celente all have said at some point will be a test....Maybe with the flu? No one can leave their home?
August 25 Fed will find 2000 banks insolvent, don't know if they will report it.
Mr1openmind 2 years ago
I think a bank holiday will eventually happen, but putting a date to it is futile.
Freemarketeer81 2 years ago