Alert: Banking Holiday Monday or Tuesday - Update*

Checking my records...

ah yes.. This was filed under DP Conspiracies.
http://www.dailypaul.com/node/104265
http://www.dailypaul.com/node/87784

As was this:
http://www.dailypaul.com/node/74770

And this:
http://www.dailypaul.com/node/62709

And this:
http://www.dailypaul.com/node/92083

No... You can't believe everything your read on DP.

Too many people here love to regurgitate the stuff they read from abovetopsecret.com

...there is no need for a "Bankers Holiday". We aren't on a Gold Standard. The Feds Printing Press and the US Governments promise to pay is all that is needed to keep the paper flowing. It is the "Gold Standard" that made the Bankers Holiday of the depression necessary (for the Fed not the people). This story ends in hyper inflation not confiscation. Just my humble opinion.

http://www.marketwatch.com/story/schultz-paints-bleak-pictur...

http://www.lp.org/
http://mises.org/

The military is supposed to be ready stateside by October 1st. For the "swine flu".

That when the wolf did come, the people did not heed his cry?!
The Most Important thing to remember IS: There really WAS a wolf!

We all know in this case there really is a wolf, and it will come, and the worst that will happen if we prepare ahead of time is: That we will be called foolish for preparing ahead.
I'd much rather be called a fool for preparing ahead for my family, than to pretend that there is NO WOLF and be caught unprepared!

First thanks for the input guys and gals this is turning into a pretty good discussion after all.

This will happen at some point and I think most will agree with that. Whether it happens next week is the question.

The reasons it will happen is because the US is flat broke and trillions in the hole. The whole world has bought into the whole charade. The reason China Japan and most other countries went along with it and bought are notes etc. is because they are in on the plan and knew they would get paid in exactly this type of fleecing also. They in fact are putting pressure on the US to do the deal so they can get thier funds reboot the world system and start it all over again with a supposedly new and better currency "so this never happens again".

We of course get raped in the process to pay for thier wealth. This is all planned. They know the natives are restless, more informed then ever, and well armed so they have many contingencies for our reactions. The real question in my mind is when they think they are ready with all those contingencies in case the American people revolt. If they think they are ready to handle it they will make thier move.

That's why we have seen all the bizarre stuff going on around us preparing for martial law. Full blown nationwide martial law cannot be implemented in this country without some major crisis being fabricated to scare the bejesus out of the sheep to get them to conform and voluntarily go along and that is still crap shoot because to many people are informed enough these days.

What does this all mean? Well it means it's really difficult to call the timing because I don't think anything they do will work at least not for long. If they do try something first thing they will do during any crisis is try and disarm us for our own good.

Otherwise It would be a logistical nightmare to try and lock down this country in martial law by force without voluntary compliance. That is why the pandemic is the perfect cover. Everyone voluntarily quarantines themselves for fear of getting the disease. I don't doubt we might not get a terrorist attack during the pandemic also. And then the need for troops on the street to protect us from the evil boogy men who would dare attack us while we are dealing with this terrible pandemic.

Yeah it's all speculation but there is a certain sense of logic and plausibility to it or with any number of variations.

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Well, it would be ideal for obama to have an engineered crisis at the beginning of his term, just like bush, to change the rules to their liking. anything could happen at any moment now. his approval is falling and things are getting so much worse by the day. somethings gonna give.

It is about all the people on the thread commenting on ~the timing is wrong~.

We don't have the information they do, so how do we ~know~ the timing is wrong?

I actually think it's making sense... the markets were up in the beginning of the Great Depression too. It is called the fleecing of the flock.. there is actually a term for what they are doing economically.

They have to balance what is coming in vs outside pressures vs the pressures of the local population vs where the fiat currency is in terms of debt/profit, after all. If you want an example of population pressures, merely look at the topics posted on the DP right now.

There has to be a time there to pull the plug and keep going... make your exit, change your hat and the sign on your front door and ~save~ the poor country you just fleeced.

So the real question should be... have they spread thier fiat debt ratio globally to the point that it no longer makes them a profit? Is it time, after the last fleecing, to enact thier exit strategy?

As always, just a thought... :)

Still think the best thing to do is take out your cash and keep it on hand. Next, stop using credit, pay it off, especially if it is from a large company. Spend locally, barter whenever possible, establish a network of local people to deal with. Get outside and meet people who you can deal with. Hard to help you over the computer. After you do all this, get on with life. Live, live hard, have fun.
grant

Still think the best thing to do is take out your cash and keep it on hand. Next, stop using credit, pay it off, especially if it is from a large company. Spend locally, barter whenever possible, establish a network of local people to deal with. Get outside and meet people who you can deal with. Hard to help you over the computer. After you do all this, get on with life. Live, live hard, have fun.
grant

First, I have no way to know the actual figures involved, which is exactly why we have to press our elected officials to pass H.R. 1207 and S 604 audit of the fed,,,to find out how many actual dollars have been issued by the federal reserve system, and to get the dollar's newly adjusted value since the injection of about 1.5 {?} trillion new dollars since last September.

We know that the dollar had already lost about 96% of its value in Sept. of 2008, since 1913, when it was redeemable in Gold. { which gave the dollar a true supply and demand value, even though the Gold price was set originally at $20.00 to the ounce and then re-adjusted by Roosevelt to $35.00 per ounce.}

Since 1971 there is no accurate way to measure the value of the dollar even though the Fed eggheads claim the value of all assets in the world are calculated, or can be calculated in dollars, and the dollar value is supposed to be adjusted accordingly.

{ Think of it this way, before 1971 the world's free market price of Gold was measured at between $35-$42 dollars per ounce, this was the internationally recognized price/value of the dollar...Once the Gold base mechanism was removed by Nixon,,,it was the same as buying vegetables priced by weight, and guessing at the weight with no scale to weigh them. }

The reason the current dollar's value is unknowable, is because many former assets { housing, businesses, stocks, banks, etc. } have lost a considerable amount of book value in dollars, over the last year, because much productive dollar/ wealth creation that was done in the USA in the past is now done overseas, or not done at all.

So, lets pick a number at random and say the fed had issued and was aware of a circulation of about 4 trillion U.S. dollars in Sept. 2008.
{ apparently big banks had much more than this amount in the form of derivatives they issued in dollar amounts,,,,the super smart class of bankers { not } is still undecided on the dollar amounts of the derivative mess. }

O.K. so if 4 trillion actual dollars was in circulation in Sept. 2008, and an additional 1.5 trillion was added to the total amount between Sept. 2008 and Sept. 2009, wouldn't that dilute the value of the Sept.2008 dollar by about 35%?

{ 1.5 divided by 4 = 35. }

In 1971 when Nixon went off the Gold redeemable dollar, the dollar was devalued by about 35% in Japan, I know because I was an American in Japan at the time.
The exchange rate from Japanese Yen into dollars jumped from 360 yen to one dollar to about 240 yen to the dollar overnight, with no warning at all !

However, from what my family told me prices didn't change much in the USA at that time,,,,the prices did eventually double on about everything priced in dollars in the late 1970's, but that was blamed on the OPEC oil cartel instead of the devaluation of the dollar due to it's de-coupling from Gold

Is the dollar about to be devalued again????
Time will tell !

good post hawkiye..... don't worry about the morons. they love to shoot down every piece of info.. for some reason planning and preparing for tough times just isn't in some peoples make up.. we will see what happens here soon enough.

it is always good to take steps and prepare for this occurence...
Thanks for posting.

"Our planet is the mental institution for the universe."
-- Johann Wolfgang Von Goethe
"Maybe this world is another planet's hell."
-- Aldous Huxley