lol...les baer super varmint, clint fowler m1a, gap 308, les baer premier 2, freedom arms field and premier 454, s&w 500, s&w 629, 29, 686, 586, and the list goes on and on.
I really doubt a bank holiday at this point. They happened during the great depression but there was no FDIC then. Even if they are broke, the FDIC has a line of credit with the treasury of 500 Billion. I believe the gov. knows that if a bank holiday occurs under these circumstances then that would be the end of this economy. I think the dollar no longer being the reserve currency will happen first then the collapse of the dollar after that. Hyperinflation will happen before bank holidays.
I have been thinking back and fourth on this.....I'm thinking this: the last thing on earth the US GOVT wants is a forced shut down of the banks. The world would view this as basically a "US DOLLAR collapse, the stock market would crash to new lows, there would be mass panic, world markets would dump the dollar....etc
The IRS wants me to back taxes I claimed to have paid back in 2007. I guess they'll accept my check that I have to write against my account. Looks like the government will have problems with receiving tax funds from the banks that have the deposits placed in them. Especially if the banks fail.
A full-on electronic bank holiday or shut down would be near impossible to implement. It would not only mean no withdrawls but no one would have to make payments on credit cards mortgages, etc... Can't see it all all!
Yesterday Aug 11, 2009, during the news cast,,, reporting that BofA still had not paid back some of it's TARP debt..but was most interesting is those Banks we bailed out havent even bother to deal with all those Toxic Assest..cause the slimeball FEDS never made them commit to such actions..and it's going to now come back . We also have a serious commercial real estate thing about to pop wide open...
I guess something called the 1933 Bank Holiday doesn't ring a bell for you? you can always try researching it to see how did it all work out then.. KEYWORD :RESEARCH
Everyone and their mom is betting on September/October crash , so by doing this earlier then that would really catch people off guard. If the Gov't can fudge with FDIC data then why haven't they fudged with all data from every sector to show positive gains? really they could show unemployment at 5% if they wanted to..... I think there will be some big financial trigger happening end of this month Bank Holiday is one of them
They have fudged all the number head over to the BLS web sight and read the unemployment report they have a U3 number that's given to the public that's at 9.4 and a U6 number at 17% and if you used the they way they calculated unemployment in before the 60s we would have unemployment at 21%.
So they have cut it in half already.
Don't let me go into GDP or CPI.
All government number are fraud, the sick thing is they provide both the fake and the real numbers on their web sights.
to valano72: i am with you on this. I am by no means some conspiracy nut or alarmist.....but, in this dangerous, volitile era we have now entered I just can't take the chance of losing my life savings to mass inflation or a "dollar collapse". I am in the process of putting half (possibly more) of my savings in American silver coins (1964 kennedy half dollars). The USA is like a playing card standing on its edge and the economic wind could blow it right over at any moment.
My guess would've been week of labor day but nothing would shock me. I already keep cash with me and I also canceled direct deposit from my employer and just get checks that way if banks close for a long time can still get checks and cash them at check cashing outlets
to enjerth: that is a very good (and valid) question you raise. If there is a "bank holiday" it is my understanding that all bank transactions of "any type" will be halted for an undetermined time peroid. I think that if anyone has some cash in the bank you might want to start drawing out some extra money each week in 1s, 5s & 10s to have on hand
Well, Hope for the best and prepare for the worst. If it happens then at least you'll be prepared with cash on hand to feed your family. Who knows how long the banks would be closed.
We both know our current system is a house of cards, but I could imagine a rumor like this could cause a bank run, and I dont like to see the masses panic, they scare me.
Holy cow, I'm getting my cash out by 21st of August, I'm not taking any chances leaving it in the bank for the week of the 26th . I've had a feeling something like this would happen soon. I listen to Mr Chapman a lot and I believe he is spot on.
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DayTradersWin 9 months ago
Buuurrpppp!
OnlyGreatness007 1 year ago
Never happened . HUH ?
ANTIDALLARD 1 year ago
115 closures as of 10-31-09
silverjunky999 2 years ago
September 30th, and nothing has happened yet.
abuokab 2 years ago 3
94 bank failures now
(September 18, 2009)
Beware...be aware!!
videolover61 2 years ago
its aug 30 and well... were still here, all is well. so you FAIL
9secondsflat 2 years ago 5
lol its going to happen you idiot maybe the date is off but in the end you will fail as you wil die a miserable death for not being prepared
diediehov64 2 years ago
lol...les baer super varmint, clint fowler m1a, gap 308, les baer premier 2, freedom arms field and premier 454, s&w 500, s&w 629, 29, 686, 586, and the list goes on and on.
9secondsflat 2 years ago
And so here we are the 30th of August nothing happened so shut the F up and close your You -tube account.
catdog262 2 years ago
I really doubt a bank holiday at this point. They happened during the great depression but there was no FDIC then. Even if they are broke, the FDIC has a line of credit with the treasury of 500 Billion. I believe the gov. knows that if a bank holiday occurs under these circumstances then that would be the end of this economy. I think the dollar no longer being the reserve currency will happen first then the collapse of the dollar after that. Hyperinflation will happen before bank holidays.
66scjohnston 2 years ago 2
Why a holiday? They can just endlessly print money.
cpgone 2 years ago 4
yes but the more money they print, the less value the money is.
xelane4454 2 years ago 2
I have been thinking back and fourth on this.....I'm thinking this: the last thing on earth the US GOVT wants is a forced shut down of the banks. The world would view this as basically a "US DOLLAR collapse, the stock market would crash to new lows, there would be mass panic, world markets would dump the dollar....etc
inkey2 2 years ago
Merely speaking about it could be considered seditious and get you landed in jail for inciting a bank run. At least, in the Obama administration.
DoctorJohnJGibbons 2 years ago 2
The IRS wants me to back taxes I claimed to have paid back in 2007. I guess they'll accept my check that I have to write against my account. Looks like the government will have problems with receiving tax funds from the banks that have the deposits placed in them. Especially if the banks fail.
lighteningdodger 2 years ago
A full-on electronic bank holiday or shut down would be near impossible to implement. It would not only mean no withdrawls but no one would have to make payments on credit cards mortgages, etc... Can't see it all all!
taineasy 2 years ago
u r right. commerce will stop. that means barter system which ineffective in modern day. but i do think they r doing something.
KhmerD0g 2 years ago
I think it will happen, but not on any expected date.
ardentsentry 2 years ago 2
Yesterday Aug 11, 2009, during the news cast,,, reporting that BofA still had not paid back some of it's TARP debt..but was most interesting is those Banks we bailed out havent even bother to deal with all those Toxic Assest..cause the slimeball FEDS never made them commit to such actions..and it's going to now come back . We also have a serious commercial real estate thing about to pop wide open...
My guess would be End of Aug -Sept.
It's not about just one thing...Its verticle!
behearsoon 2 years ago
Yes thompk12,
It would be likely mass panic.
No it is not quiet.
Correct. the grocery stores will be raided. So calmly, quietly get some food/water & supplies together... and try to do a little each week NOW...
Even if nothing happens, there is never, never any thing wrong being prepared for
"any" emergency. If you need help with a list... let me know. I have several put together...
There is more going on than just the "bank Holiday". You need to try to see thing vertically
PRAY.
behearsoon 2 years ago
WEBBOT SAYS Bank Holiday Sometime Between AUGUST 26th - October see the new WEBBOT VID and fast forward to 4:01
youtube com/watch?v=4TMLFJkQKxw
HiredGunz98 2 years ago
I guess something called the 1933 Bank Holiday doesn't ring a bell for you? you can always try researching it to see how did it all work out then.. KEYWORD :RESEARCH
HiredGunz98 2 years ago
Unlikely, the government can always fudge the numbers or outright lie.
The collapse will happen on the bankers time table. Thus it will be on an unexpected date.
davincij15 2 years ago 6
Everyone and their mom is betting on September/October crash , so by doing this earlier then that would really catch people off guard. If the Gov't can fudge with FDIC data then why haven't they fudged with all data from every sector to show positive gains? really they could show unemployment at 5% if they wanted to..... I think there will be some big financial trigger happening end of this month Bank Holiday is one of them
MegaDonTV 2 years ago
They have fudged all the number head over to the BLS web sight and read the unemployment report they have a U3 number that's given to the public that's at 9.4 and a U6 number at 17% and if you used the they way they calculated unemployment in before the 60s we would have unemployment at 21%.
So they have cut it in half already.
Don't let me go into GDP or CPI.
All government number are fraud, the sick thing is they provide both the fake and the real numbers on their web sights.
davincij15 2 years ago
to davincij15: well said Davinci......a man (woman?) of few words....but very potent ones
inkey2 2 years ago
Just as I reported back in February, it's all coming to pass! BUY SILVER!
valano72 2 years ago 2
Perhaps, but it still has not happened yet. Till that time we obviously will not be sure but prepare as well.
MrSkaramanga 2 years ago
to valano72: i am with you on this. I am by no means some conspiracy nut or alarmist.....but, in this dangerous, volitile era we have now entered I just can't take the chance of losing my life savings to mass inflation or a "dollar collapse". I am in the process of putting half (possibly more) of my savings in American silver coins (1964 kennedy half dollars). The USA is like a playing card standing on its edge and the economic wind could blow it right over at any moment.
inkey2 2 years ago
go for the 999 i oz bullion.15.00 now but fore told tom rise magnificently
1mealperday 2 years ago
My guess would've been week of labor day but nothing would shock me. I already keep cash with me and I also canceled direct deposit from my employer and just get checks that way if banks close for a long time can still get checks and cash them at check cashing outlets
XSNX1 2 years ago
How are check cashing business going to cash checks for you if they can't go to the bank?
enjerth 2 years ago
to enjerth: that is a very good (and valid) question you raise. If there is a "bank holiday" it is my understanding that all bank transactions of "any type" will be halted for an undetermined time peroid. I think that if anyone has some cash in the bank you might want to start drawing out some extra money each week in 1s, 5s & 10s to have on hand
inkey2 2 years ago 2
I'm curious to see how bad the FDIC's balance sheets are. How much did it cost them to absorb these 72 bank failures?
MegaDonTV 2 years ago
wow
PlatinumGordon 2 years ago
Comment from Future Date: August 28, 2009
I'd like to ask what happened to the bank holiday? We didn't have one yet.
Silveracity 2 years ago
Well, Hope for the best and prepare for the worst. If it happens then at least you'll be prepared with cash on hand to feed your family. Who knows how long the banks would be closed.
HiredGunz98 2 years ago
We both know our current system is a house of cards, but I could imagine a rumor like this could cause a bank run, and I dont like to see the masses panic, they scare me.
Silveracity 2 years ago
Well coming from bob Chapman and Harry Schultz I wouldn't take this info too lightly.
HiredGunz98 2 years ago
i ubnderstand your point. Unlike all that fema crap we were told to be scared of and didnt happen , this one will .when is the question.
1mealperday 2 years ago
Holy cow, I'm getting my cash out by 21st of August, I'm not taking any chances leaving it in the bank for the week of the 26th . I've had a feeling something like this would happen soon. I listen to Mr Chapman a lot and I believe he is spot on.
MegaDonTV 2 years ago 2