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Thread: latest economic 'conspiracy theory' ... bull$#it or early warning ?

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    Banned Melonie's Avatar
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    Default latest economic 'conspiracy theory' ... bull$#it or early warning ?

    (snip)"Last week, a tipoff came that turned out to be true, shared in last week’s article. A contact source passed word that on Sunday night, Asia would sell the USDollar down in a big way. Four to five large parties were involved. Seemingly small moves in the FOREX cause tremendous disruption, since entire continental economies are involved with price shifts. The US$ index did fall markedly, in a moderate quantum leap down. It fell from the mid-79s to the upper 78s, big in the currency world. The principal agent pushing the buck down was the Euro, which enjoyed a major 120 basis point upleg that has held all this week.

    The Euro now approaches the 143 level. So the tipoff was true. We await the follow-through, like from short covering by Euro traders who were wrong on bets. If the Euro can push past 143 (it is now 142+), then clear sailing to the 155 mark will be enabled, without any notable resistance. The USDollar index would fall enough to capture global attention. Maybe they would proclaim the advent of a Currency Crisis"(snip)

    (snip)"SECRECY & THE INSIDER TRADE
    Bank holiday plan execution must be kept as surprise, since reactive preparations undermine the impact of the vast theft planned, both overt (from devaluations) and hidden (from stolen accounts). Those who wait to take action lose all opportunity to benefit, and will surely lose significantly. The major central banks are very likely accumulating gold bullion on a net basis. Surely the Chinese, Russians, and Arabs are. If a planned US bank system shutdown occurs, its powerful effect would be muted by publicity of an unfolding, hence reducing insider profit potential. The pristine pure-bred Ruling Elite would be forced to share benefits with unwashed unworthy Plebeians. People would remove deposits from banks likely to be gobbled by Wall Street zombies, as withdrawals could later be limited.

    People would transfer money out of the USDollar and into the Euro or Gold or Oil, before a grand US$ devaluation occurs. Next comes the threat of capital controls, limiting currency transfers across the border. The insider trade of the century will likely remain within the domain of the big bankers and other predators who have succeeded in looting the wealth of the nation. If word of the plan spreads, then people can prepare and take defensive action. No opportunity will be afforded those who wait until the news breaks. They will be subjected to different price structure on assets, perhaps a big quantum change, with the US$ lower, competing currencies higher, gold higher, and all commodities priced in US$ terms higher, led by crude oil and industrial metals. Pay little attention to formal denials, and those by the intellectual servant harlots. They have offered little truth or fair warning of crisis in the last several years. Prepare!! "(snip)

    from

    ... also ...

    (snip)"FYI, I had a conversation with my friend in international banking yesterday and tried to warn him about the impending bank holiday and currency exchange. He said that because he works with people at the top (Rothschilds and Rockefellers, etc) he would know if this were true. He did however confirm again that all central banks have been stocking up on the new Amero currency. I encouraged him to check out my info.

    Well, I received this in an e-mail from him just a few hours after our phone conversation:

    "As to your Bank Holiday information of this morning, the following is from a close CIA connection, the way it will come down is that starting 8/24, groups of banks will be closed in certain regions of the country for a week or so. They will open again, and then other groups of banks in different regions will be closed; and on and on it will go, until all the banks in the country have gone through that process.

    The banks will be opened with a new global currency. Indeed the ratio will be 1 to 6, or 1 to 12. Thus, if you had formerly $6M in the Bank, after a ratio of 1 to 6 with the new currency, you will get 1M value in the supposed new legal tender."

    Time will tell, but this guy would not lightly say this, and he does have the CIA connections for the info.

    My suggestion is that any of you who have much money in the bank might want to consider changing some of it to gold coins, Swiss francs or some other safer currency before the end of August."(snip)

    from

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    I would tend to beleive this. Compared other conspiracy theories, it's not that far fetched.
    XoXo Gia
    Danielle Fishell (the Dish): "If the Super-Star thing doesn't work out, Gia makes a great stripper name"

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    Too bad they didn't start selling off during the Bush administration that opened the floodgates. That would have helped control the subsequent events.

    Elsewhere I heard that stress tests may need to be done for the larger banks again and stress testing is needed for the medium to smaller banks.

    But this rumor seems far-fetched because it would cause massive discontent and likely some armed retribution. Of course I've heard that all before right here in this forum of survivalist pessimism.

    This could be rumors started by gold or silver bugs, you know. Have you actually vetted the sources?
    Last edited by threlayer; 08-13-2009 at 06:26 PM.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

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    Banned Melonie's Avatar
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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    ^^^ obviously there can be no vetting of these sources LOL ... which is why I clearly posted the 'conspiracy theory' angle in the thread title, and asked how many people thought this stuff was bullshit.

    However, if even a portion of this were actually to turn out to be accurate, it could be an 'economic earthquake' for America at least.

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    Theory? Most likely a tin-foil hat crowd speculation or initiated rumor.

    from wikipedia.... "A tin foil hat is a piece of headgear made from one or more sheets of aluminium foil or similar material. Alternatively it may be a conventional hat lined with foil. Some people wear the hats in the belief that they act to shield the brain from such influences as electromagnetic fields, or against mind control and/or mind reading."

    "The concept of wearing a tin foil hat for protection from such threats has become a popular stereotype and term of derision; the phrase serves as a byword for paranoia and is associated with conspiracy theorists."

    "The reasons for their use include the supposed prevention of perceived harassment from governments, spies or paranormal beings. These draw on the stereotypical images of mind control operating by ESP or technological means, like microwave radiation. The effectiveness of tin foil hats is disputable; however, the belief in their necessity is popularly associated with paranoia or mental illness."

    "FactCheck suggested that those who espouse Barack Obama citizenship conspiracy theories "should first equip themselves with a high-quality tinfoil hat." "
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    ^^^ perhaps ... but additional material keeps appearing

    (snip)"The top-performing letter that predicted the Crash of 2008 now predicts a confiscatory Franklin D. Roosevelt-style "bank holiday."

    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.

    HSL's suspicion: "Another FDR-style 'bank holiday' of indefinite length, perhaps soon, to let the insiders sort out the bank mess

    Insiders want to impose new bank rules. Widespread nationalization could result, already underway. It could also lead to a formal U.S. dollar devaluation"(snip)

    from



    (snip)"Jim Sinclair’s Commentary

    I have the deepest respect for Dean Harry, but would normally not believe the potential for what dear Harry proposes.

    However, with the present war between politically directed monetary policy and FOMC directed monetary policy I have to suggest serious consideration of the following.

    There certainly is no harm to be done by doing what Dean Harry suggests.

    Harry Schultz newsletter [ based on impact on FDIC of recent bank failures such as Corus and Colonial, as well as yet to be booked additional losses on bank loan writedowns that will push 150+ additional banks 'over the edge' - explained at and and - now pushing the FDIC insurance fund into bankruptcy - sic ]

    Conclusion: Stand by for a possible bank run & bank holiday on Aug 26th, after the news breaks on the 25th. (FDIC 2nd Qtr. Report)

    This is in line with the HSL prediction of a US bank holiday in Aug/Sept.

    If you live in the US, get 3 to 6 months household expense money out of banks now. "(snip)

    from

    ~
    Last edited by Melonie; 08-14-2009 at 03:39 PM.

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    Quote Originally Posted by threlayer View Post
    Theory? Most likely a tin-foil hat crowd speculation or initiated rumor.

    from wikipedia.... "A tin foil hat is a piece of headgear made from one or more sheets of aluminium foil or similar material. Alternatively it may be a conventional hat lined with foil. Some people wear the hats in the belief that they act to shield the brain from such influences as electromagnetic fields, or against mind control and/or mind reading."

    "The concept of wearing a tin foil hat for protection from such threats has become a popular stereotype and term of derision; the phrase serves as a byword for paranoia and is associated with conspiracy theorists."

    "The reasons for their use include the supposed prevention of perceived harassment from governments, spies or paranormal beings. These draw on the stereotypical images of mind control operating by ESP or technological means, like microwave radiation. The effectiveness of tin foil hats is disputable; however, the belief in their necessity is popularly associated with paranoia or mental illness."

    "FactCheck suggested that those who espouse Barack Obama citizenship conspiracy theories "should first equip themselves with a high-quality tinfoil hat." "
    Look, you can make fun of tin foil hats all you want.

    But I believe it is obvious, since "the powers that be" have managed to remove tin from tin foil and replaced it with useless aluminum is proof enough this stuff works.


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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    tin, nothing, use lead for radiation, silver for electric fields, and mu-metal for magnetic fields - three layers
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Banned Melonie's Avatar
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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?

    ^^^ actually, gold will accomplish the same purposes, and many others LOL !

    ... meanwhile, more and more corroborating info seems to be leaking out there ...


    (snip)"Posted by Karl Denninger in Banking System at 11:59

    One Of Three Down; Is The FDIC Still Solvent?
    Here we go!

    Colonial, Alabama’s second-largest bank, is being closed by regulators today, the person said, becoming the largest U.S. bank failure of 2009 after an expansion into Florida saddled the lender with more than $1.7 billion in soured real-estate loans.

    The FDIC usually waits until the close of business Friday; they must have had a slight problem with withdrawals......

    Left unsaid is what's going to happen to the FDIC's deposit insurance fund on this one - my guess is that it will be ugly, as these guys were up to their necks in Florida on development projects that went bad. The "value" of that paper may be very close to zero; if the FDIC avoids doing one of their 40% loss deals I will be quite surprised.

    A 40% loss on this one ( i.e. the FDIC having to 'eat' 40% of Colonial's toxic paper through payout of FDIC insurance premiums - sic ) would, if my math is right, kill the rest of their insurance fund plus quite a bit and put the FDIC in the position of immediately needing to go hit up Treasury for more money.

    That ought to be good for confidence, right?

    Oh, there are two more on the "you're dead" list that I've been talking about for a while: CORUS and Guaranty, both of which have said they (as of last filing) have a negative Tier Capital Ratio, meaning that they are formally underwater and IMHO should have been seized months ago.

    But don't worry, Treasury has an infinite credit card to keep funding the FDIC with, right?

    "Heh Mr. Chinaman, can you spare an extra trillion - or three?""(snip)

    from

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    Default Re: latest economic 'conspiracy theory' ... bull$#it or early warning ?


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