Fed to order 1 week universal bank shut-down?

[wizardwatson]

As the imminence of the coming collapse becomes more clear to people, I think you'll see more of this panic mongering. Its only natural. You should have gold and cash and food and all the other stuff.

Question is how much and when. And that is different based on each individuals circumstance. I'm inclined to say this is just a rumor. But if someone told me 4 weeks ago that Bush was going to come out and fear-monger about a possible depression and multiple gigantic firms would tank overnight, I would have been inclined then to think its a rumor too.

These are crazy times, so naturally crazy people are going to do what they do.

And in crazy times, its hard to distinguish what's crazy and what isn't.

 

[freelance]

those are likely quotation marks that are coming through as other characters...

Yeah, I know. Is it a new font? Why have they just started. I see them all over the place.

 

[NinjaPirate]

Yeah, I know. Is it a new font? Why have they just started. I see them all over the place.

It's probably a glitch.

 

[micahnelson]

oos

 

[latkinson6]

Well I hope it's only banks and not my credit union!

 

[dawnbt]

Well I hope it's only banks and not my credit union!

Good call. Hadn't thought of that.

 

[wizardwatson]

Well I hope it's only banks and not my credit union!

Don't get your hopes up, the NCUA is the federal government agency that charters and oversees credit unions. I don't know if there is a distinction between federal and state chartered, but I'd bet they'll fall right in line with whatever our financial czar's scream down at them.

 

[muh_roads]

That would cause a bank run after the week is up. I smell BS.

 

[angelatc]

They can't do that. It is illegal. (snark)

 

[Zippyjuan]

Not exactly a reliable source there. Closing all banks for a week would cause the very sort of situation the Fed is trying to prevent.

 

[devil21]

Not exactly a reliable source there. Closing all banks for a week would cause the very sort of situation the Fed is trying to prevent.

But history has shown that once the banks get their big infusions of cash, they SIT ON IT instead of lending it out, which is the very premise behind the bailout bill. Im not taking a stance on whether this rumor is true or not, but things do seem to be falling into place piece by piece. You assume the Fed is being forthright about their intentions.

 

[josh24601]

This is the stupidest thread in the whole forum.

As helpful as this place can be a lot of the time, there really is some truly dumb stuff mixed in as well.

How can such a group of "skeptics" who don't trust anything the MSM says BE SO GULLIBLE !?

 

[Dr.3D]

This is the stupidest thread in the whole forum.

As helpful as this place can be a lot of the time, there really is some truly dumb stuff mixed in as well.

How can such a group of "skeptics" who don't trust anything the MSM says BE SO GULLIBLE !?

Interesting point of view, but I don't believe you just said anything.

1. Point out why this thread is stupid.
2. Point out the dumb stuff.
3. Show where people are being gullible.

As I recall, I saw a question mark after the title of this thread.

 

[tmosley]

This is the stupidest thread in the whole forum.

As helpful as this place can be a lot of the time, there really is some truly dumb stuff mixed in as well.

How can such a group of "skeptics" who don't trust anything the MSM says BE SO GULLIBLE !?

I think that most people here have been pretty moderate on this, using phrases like "if this is true" or "I don't know how reliable this is, but..".

We are discussing it, not telling everyone to ZOMG get to the bank and get ur moniez!!@!!!2!!!!

 

[dannno]

You assume the Fed is being forthright about their intentions.

Ya, that's the part that bothered me the most about his post.

 

[josh24601]

Banks aren't being closed down for a week.

And don't ask me to prove a negative.

 

[Zippyjuan]

But history has shown that once the banks get their big infusions of cash, they SIT ON IT instead of lending it out, which is the very premise behind the bailout bill. Im not taking a stance on whether this rumor is true or not, but things do seem to be falling into place piece by piece. You assume the Fed is being forthright about their intentions.

There is a huge difference between sitting on a cash infusion and shutting down the entire banking system for a week. Shutting down the financial industry would collapse not just our economy but most of the rest of the world since other countries also have large sums invested in the US. It would probably destroy the entire US financial system. Why go to the bother of bailing out or merging banks if you actually wanted to shut them all down?

And any REAL links other than an internet rumour "I have friend who knows somebody who works at B of A". Even the original email quoted says nothing about the entire banking system being closed down- let alone all banks for an entire week. Read it. It does not even say that B of A would be closed for any specified length of time. The original source is a gold selling fearmonger who wants people to buy his gold.

From another Jim Willie newsletter:

On the week of September 15 thru 19, some initial events are anticipated to occur. An important event schedule will be initiated. The party and celebration and corrupt raids should come to an end abruptly. Many possible events are offered in conjecture in the September Hat Trick Letter, due out late this weekend. In all, 13 powerful shock wave events are suggested as possible. Foreigners are watching the tainted party, viewing it as staged atop the heavily listing Titanic vessel. The four pillars of insolvency, plus the looming credit derivative roof crumple, seem not to matter. The entire global playing field, related to commerce and finance, is soon to be reshaped, with the Untied States becoming a bit player, or not invited. The turkey carving is nigh.

When the events begin to unfold, one event will lead to another. Just like the Iraq War, a schedule does not adhere to a calendar, but rather to events. One event leads to released new pressures, factors to be made clear, obstacles to be removed (possibly forcibly), and the next event unfolds. My view of the sequence very simple is to reveal the big picture, RECEIVERSHIP & DEFAULT.

http://www.financialsense.com/fsu/editorials/willie/2008/0911.html

 

[tmosley]

Banks aren't being closed down for a week.

And don't ask me to prove a negative.

If you don't want to prove it (which, I agree, would be difficult or impossible), then give some reasoning why they wouldn't.

I would tend to say that if this were being planned, it is probably just a contingency plan for a widespread run on the banks. If a run started, they would likely shut it down, just like in the Depression.

 

[devil21]

There is a huge difference between sitting on a cash infusion and shutting down the entire banking system for a week. Shutting down the financial industry would collapse not just our economy but most of the rest of the world since other countries also have large sums invested in the US. It would probably destroy the entire US financial system. Why go to the bother of bailing out or merging banks if you actually wanted to shut them all down?

And any REAL links other than an internet rumour "I have friend who knows somebody who works at B of A". Even the original email quoted says nothing about the entire banking system being closed down- let alone all banks for an entire week. Read it. It does not even say that B of A would be closed for any specified length of time.

Not sure why you're trying to start an argument with me. I never said it was happening like the website said. I said the pieces do seem to be coming together. I guess there's no new threads on Israel to occupy your time lately...anyway...

What's the most assured way to sit on the new cash? Close the doors! Its certainly a very extreme example but it's not unheard of for banking holidays to be suddenly declared during financial turmoil and it's *going to happen at some point* during this slow spiraling financial crash. I get the feeling you haven't the foggiest clue where the basis of our entire financial system comes from. It's been shown over and over that those at the top do NOT care about you. Once they have wrung as much money and power out of the system as possible, they crash it intentionally and start the process all over again. How they will go about doing it is anybody's guess. But we are seeing it in action right now so who's to say what will or will not happen? It's uncharted territory for 99% of us since most Depression-era people are either dead or so old and senile they can't remember their grandkid's names much less the bread lines in 1930.

And that's not even addressing the video floating around that a large chunk of the bailout money is going to foreign investors, who will probably spend it on gold reserves. I presume its to help them lick their wounds and ride out the coming global crash.

Forget REAL news links. I recommend some real good viewing called The Money Masters to bring you up to speed on the history involved and how this same "game" has been played on people for hundreds of years:
http://video.google.com/videosearch?q=money+masters&emb=0#

Big picture bro. The exact specifics are minor. The end result is always the same.

 

[Zippyjuan]

Sorry, I don't do "Israel" threads. You can check my profile on that if you like. And I do note that you say that you do not necessarily agree with the original post. Not all of my comments were directed at you, only to respond to the "sitting on cash" comment as it related to closures.

Because there is a You Tube video on something does not necessarily make it true either. That is not a news source.