If anyone has any hard info to corroborate or dismiss this rumor, I'd appreciate a heads up. I have no comment other than now is a great time to add to your emergency preparedness kit. Get while the gettin's good, I say.Latest Schultz Shock: a 'bank holiday'
by Peter Brimlow, MarketWatch
...In its current issue, [the Harry Schultz Letter] reports rumors that "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."
Yes, yes, it's paranoid. But paranoids have enemies -- and the Crash of 2008 really did happen.
HSL's suspicion: "Another FDR-style 'bank holiday' of indefinite length, perhaps soon, to let the insiders sort out the bank mess, which (despite their rosy propaganda campaign) is getting more out of their control every day. Insiders want to impose new bank rules. Widespread nationalization could result, already underway. It could also lead to a formal U.S. dollar devaluation, as FDR did by revaluing gold (and then confiscating it)..."
For those of you following George Ure's wild "rickety time machine" project, this sure seems to land right around the time of a call for a calamity in economics/finance in early November...