KSP wrote:
The whole article is worth the read, but the next last paragraph is what got my attention:
http://www.financialsense.com/fsu/editorials/willie/2009/0716.html
Here is the substance of the MarketWatch link:
In its current issue, HSL 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)."
The whole article is worth the read, but the next last paragraph is what got my attention:
http://www.financialsense.com/fsu/editorials/willie/2009/0716.html
Here is the substance of the MarketWatch link:
In its current issue, HSL 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)."