9 votes

If it keeps on raining, the levee's going to break

A Led Zeppelin classic:

http://youtu.be/WbrjRKB586s

Keep your eyes on the market. The central bank manipulation can only work for so long. The first indication will show up in the markets.

http://bigcharts.marketwa...

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I don't think the first signs will be in the markets

The 1929 crash happened when the money/credit supply dried up, causing everyone to sell their stocks to get cash.

This time the markets are being flooded with money and credit, which will cause inflation in commodity markets (and their respective stock prices).

So, paradoxically, rather than watching the stock market to see if it crashes, we should watch it to see if it skyrockets. This will be a sign that the tons and tons of new money is 'flooding the levy'.

or something like that...

Pandas is bad.

bigmikedude's picture

Thanks bud!

I haven't heard this in a long time. It's been a long time since I Rock N Rolled. <---- Lol

So, you want to start a bank w/o a levee? $1K fee paid on grant.

Bank Charters for Sale: Nauru Bank Charter, $1,000 license fee (no levee to break the bank).
Just Think of the Possibilities!

    - "Almost Like Printing Your Own Money..."

Summary: Nauru! Absolutely easiest jurisdiction to license a new bank!

The central Bank of Nauru (Act of 1975). Power to conduct all banking operations as a national bank as well as an international bank. Low capitalization, non-interference in operations, minimum administrative expenses and simplicity of the banking laws, rules and regulations provide... incentives...

Classes of Banks: Only restricted ("non-resident") offshore banking licenses are issued in Nauru. This means that all the operations of the bank should be "in house" and should not raise deposits from the public in or outside Nauru. Nauru banks can not advertise themselves in public. ... This can be circumvented by setting up and using a subsidiary...

Capitalization Requirements: [Zero to 24 months.]
A Nauru offshore bank should raise a minimum paid-up capital of US $100,000 within a period of two years from the date of issue of the license. This means that the bank can be registered without any paid-up capital. There is 24 months time to comply with that requirement.... The capital does not have to be deposited with the Bank of Nauru. It can be maintained outside the jurisdiction.

Directors: Banking licenses are granted only to persons who have a sound financial standing, are well reputed in commercial and financial circles and have acquired sufficient expertise in banking, trade and industry. No local directors are required. Management of a Nauru offshore bank may be entirely located outside of the country.

Business Plan: There is no detailed business plan required. Only a brief description of intended activities is needed. [e.g.: Banking and other purposes (see: Federal Reserve Act, 1913. First sentence.]

Forms to be signed:

  1. Application for incorporation as a trading corporation
  2. Application for grant of Banking License
  3. Declaration (to be signed in front of Notary Public)

Term(abridged): Ten years. Conditions apply.
Bank Charters for Sale! Apply within.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

egapele's picture

I've gotten spooked into preparing for the worst before

and nothing came of it but I'm gonna start preparing again.

As the saying goes, "It's better to be a year early than a day late."

Existing Central Banks exist a century or three.

Bank of England, charted 1694.

Federal Reserve Bank, charted 1913.

Bank of Switzerland, chartered 1907.

Bushels more. Generally much much shorter history, a generation or two.

Bank charter dates vary upon the source. These dates are from their own published information. Reporter accepts no responsibility for any reliance on this historical information which may lead you into misfortune.

Mark Twain, reporter

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Called in to the local radio station to dedicate this song to

the people of New Orleans back in 95, but they would have none of it.
.
Here's one some of you Zepplin fans might not have seen before: http://www.youtube.com/watch?v=j0tAOIQiz-8&feature=fvwrel
.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

This Train is Bound for Glory. This Train. - Woody Guthrie.

This Train Woodie Guthrie. "This guitar kills fascists" ~ Union Organizing song.

2012 (Woody Guthrie's 100th Birthday), Silver City, NM. This is part of a CD in production of a performance of songs and bits of history by Tom Naples, titled "Celebrating Woody Guthrie's 100th Birthday."

Glory be! Happy 100th birthday Woodie. Happy 100th.

[Train engineer gives two short blasts on the whistle, as he pulls slowly out from the Silver City station.]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Michael Nystrom's picture

Never saw it before

Thanks!

Funny that at one time that was cutting edge. But they sure look repressed and formulaic in retrospect.

Such well behaved boys! Jimmy Paige says he's going to do biological research in the future - cancer research!

Wonderful. Thank you for sharing.

we've all seen it

but thanks.

One of the best LZ songs ever

One of the best Rock/Blues songs ever, one of my favorites.

An appropriate metaphor for many personal and public negative trends toward a devastating conclusion.

"Mean old levee taught me to weep and moan"

"cryin' won't help you, prayin' won't do you no good"

"You are a den of vipers and thieves."

I mean to rout you out!

-Just because you are among us, does not make you with us

-The door is wide open, anything can slither in

Interesting times we live

Good luck.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

after seeing the truth.....

about how enslaved we are. about how little can be done to kill it. about how few even know it exists. about how it's all just a little bit of history repeating.....

i'd rather not.

what good are we really doing?

when we wake everyone up.....how is this all not just going to happen again like it never happened before?

i'm so bruised. so beaten. so enthralled with nothing.

how do you kill something that keeps on coming like you never swung your fist against it?

indeed....

Crying won't help US. Praying won't do US no good.....

i believe it.

Peace, love,

friendship, family, this makes life worth the trip. Enjoy the ride the ticket is paid for.

Be there for others help them cope, doing something with love comes back 10 fold.

Peace

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Hey

How fast will it crash? I'm looking for a timeline here.

egapele's picture

Not sure if this is helpful at all

but I just read this on a site I was on and thought I'd post it:

I and others see a substantial spike in demand for preparedness food and supplies from possibly right before to definitely after the November election. Negative reaction to the outcome of the election will be momentous – no matter who wins. We will soon know how serious the reaction will be, what form it will take, and what governmental actions will be executed.

Link here: http://www.peakprosperity.com/wsidblog/79664/supplier-survey...