HO! WHOA! Dollar Devaluation Coming! AKA CITI 7 Day Withdrawl Delay

0 votes

Not just CITI is advising about 7 day restriction on withdrawls.

All banks will be notifying now.

That's what the FED does when a currency devaluation is imminent.

Wednesday, February 24, 2010
Citi Notice Shines Light on Little-Known Fed Rule
http://www.foxbusiness.com/story/markets/industries/finance/...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Better buy your metals soon..

Better buy your metals soon.. also any storage food, or anything else you need to live before the prices rise.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

It's not possible to devalue

It's not possible to devalue the dollar below zero, which is where it's been since 1971. Define "devaluation."

Your dealing with make believe

IT can devalue below 0 ..
Supply & demand or acceptance.

If it was already zero you couldn't

If it was already zero you couldn't buy gold with it.

And possibly the 7 day hold will be used to facilitate a new currency transition.

But my instincts tell me we will see the Zimbawe effect of accelerated devaulation through inflation. There is no way the Treasury is or can pay off this level of debt without inflating.

"GINO" = Government In Name Only

They hold you money to make back expenditures..

The FED charges them..
Who is keeping them solvent, the FED.

You can buy Gold

It just takes a whole lot more notes to buy..Why do you suppose IMF is selling ? To stablize. the IMF is the dollar..They are getting many more notes back because of the high dollar value exchange.
It's about cash flow, not reserve.
That is the system.. IT all operates on cash flow to make a profit or skim interest.
China may have other outlets for Gold., ?

Before 1933, $20.67 would buy

Before 1933, $20.67 would buy an ounce of gold at the Treasury. After, foreign banks could buy an ounce for $35 at the Treasury. That is devaluation. In 1971, the gold window closed. That was total devaluation. The only thing backing the dollar now is force. Dollars are stay-out-of-jail tickets. How does one devalue those?

I've seen the word "devaluation" used in conjunction with the dollar a bunch of times before. When I ask what that means, I get a cyber-mumble about a currency change. Pinkbacks for greenbacks or some such nonsense. When I ask exactly how that would work, what steps which government agencies would take and in what order - silence soon follows.

Only a small amount of US "money" is in physical form. Under a fiat system, people cannot even agree on what "money" means, thus all the different "money supply" indexes.

the zimbabwe effect in america...

well ... when (and note i said 'when' NOT 'if') the zimbabwe scenario goes off in america ... make sure you let people know who was responsible.

the mob effect won't be stopped. there will be violence and riots. just make sure the mobs know who the enemy is.

know who in your country attended meetings or is connected with:

http://en.wikipedia.org/wiki/Trilateral_Commission

http://en.wikipedia.org/wiki/Bilderberg_Group

http://en.wikipedia.org/wiki/Council_on_Foreign_Relations

they are called different names by different people: greymen, nwo folks, illuminati.

they are the international bankers and their two heads are the rothschilds and the rockefellers.

i've read estimates here ... putting the rothschilds' net worth being in the 100 trillion range. that's a bit off. 4 years ago it was estimated in the 600 trillion ball park and the rockefellers were trailing at a mere 60 trillion.

print those lists and pass them out. make sure when the SHTF ... people know who the culprits are.

as devon saunders likes to say ... its crop rotation.

just make sure people you know, are informed of who participated in this takedown of america.

I agree daddy.. now go look

I agree daddy.. now go look up Lindsey Williams. Last october he said that by the end of the year the dollar would be devalued by 30 to 50%. You can find his videos on Youtube.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I can't take credit for

I can't take credit for "breaking" this story because I just heard from Lindsey Williams on Info Wars Radio after I posted this.
Apparently he was on another show last month with this 30%-50% devaluation news.

"GINO" = Government In Name Only

I have a question

I have money saved in my wells fargo account and I am leaving the country for 3 months, what is the best way to go about utilizing my account?????

The role of a farmer, in Fukuoka's mind, is an observer, not an intervener, of the natural order in his/her particular landscape. How is that any different than Hayek in regards to Economics?

Deserves a serious answer

You might have to take a diversified strategy.

Traveler's checks will allow you to access your cash and have some degree of assurance. Perfect for the short term. You don't have to take all of them with you.

Prepaid debit cards. I'm not sure how it helps is the underlying bank goes under, but I hear there are other things like Green Card that operate off transaction fees and are therefore (theoretically) sound business models.

Stashing with friends to hold onto some until you get back is one strategy along with digging a hole in the ground.

Now is a great time for gold and silver if you don't have some already!

Take cash with you and

Take cash with you and exchange it for some other currency?

I am.. but I obviously can not do it with all of my money...

I would get robbed in a heart beat where I am going. It sucks how much we are locked into the Federal Reserve System.... thanks for the help though, any bit counts!

The role of a farmer, in Fukuoka's mind, is an observer, not an intervener, of the natural order in his/her particular landscape. How is that any different than Hayek in regards to Economics?

Buy things that matter in the time left for your dollars.

Pulling money out of a bank will not help a currency devaluation.

There is no helping the

There is no helping the currency devaluation the seed is already sown, the die is cast, their is no stopping it. So pulling your money out is to help you not them, provided you pull it out soon enough to be able to purchase something with it land gold and silver is my suggestion.

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

Get Prepared!

Bump for interesting post...

Bump for interesting post...