from VidRebel Website
Small investors and mutual funds are pulling out leaving only High Frequency algorithmic computerized traders and the Plunge Protection Team to buy stocks. There are no real human beings left in the markets.
There have been repeated rumors that Morgan Stanley is near bankruptcy and is soon to be gobbled up by JP Morgan.
Jamie Dimon has admitted that if his bank
were taken over there is another 150 billion dollars in bad assets to get
rid of. That means that even after 30 trillion dollars in Bailouts that all
of the big banks are bankrupt.
In the Sentinel case the courts ruled that depositors whose money had been stolen by their broker could not sue the bank where the money was sent because Sentinel had not intended to steal their money. In the MF Global case 1.2 billion dollars vaporized and none of the money was returned.
Sibel Edmonds told us that when the FBI did background checks on judicial nominees that honest men and women were turned down and felons were put to the top of the list.
That is why we cannot expect justice from
Zero Hedge reported that the amount of money withdrawn from the banks in Spain to date is nearly half of their GDP. The U.S. money supply is 10 trillion and the GDP is nearly 15 trillion, If 4 trillion dollars left America, we would go into an immediate collapse probably worse than 1929-39.
You need money to conduct business. I recently
wrote about two IMF economists who admitted that most of our problems were
created by fractional reserve banking and bank runs would be eliminated if
we did away with it.
...and points east...
I previously wrote that Ben Bernanke has been ordered by men in London and New York who are higher up on the banking food chain to hurt Obama’s re-election as much as possible. The idea is to not print enough money to create jobs until after the voting returns are announced on November 6th.
I believe Obama was made President because he is
black and it is his job to start nationwide race and food riots to take our
focus away from the bankers who have stolen tens of trillions of dollars
from whites, blacks, Hispanics, Asians and Indians.
This time with a collapse of Morgan Stanley or
the complete implosion of Greece and Spain sending waves of panic through
the voters to stampede them into voting for Romney. I am voting for
neither Romney nor Obama.
This has followed similar agreements between China and,
Since the Beijing Conference of 2010 China has invested 100 billion dollars in Africa.
This had prompted
Hillary Clinton to go
to Africa and warn them about Chinese people building roads, bridges,
hospitals and other such obvious colonial projects. She had no money just
President Clinton allowed China to devalue the Yuan and destroy the American economy. He guaranteed that Americans would be sent into abject poverty when he allowed the repeal of the Glass Steagall Act which prevented commercial banks from making risky bets with depositors money.
Clinton also allowed the banks into the faux insurance business when he did not let Brooksley Born (Chairwoman of the Commodities Future Trading Commission) to regulate Credit Default Swaps.
CDS pretend to insure speculators on potential
losses in the value of bonds and commodities. U.S. banks are exposed to 225
trillion dollars in potential losses with no money set aside to pay claims
other than your pension and life savings.
But that was before NAFTA, CDS and too many wars for Israel had deteriorated the dollar and the economy.
As I said, America will soon have the reverse of Spain’s outflow of dollars. When Hyperinflation takes off, an International Conference like Bretton Woods will be called. The dollar will be dumped and devalued by at least 40%.
Prior to the conference Insiders will dump
dollars by the trillions instantly impoverishing another 100 million
Americans. Since most dollars are held overseas by foreigners, the domestic
American money supply will double impoverishing another 80 million people. I
recently wrote that 280 million Americans will be at or near the poverty
line at some point in 2013. Hyperinflation will do that to you.
The only other alternative is to have the police
and the military administer martial law in our favor and arrest the bankers
so we can reform the economy.
If the cities are No Go Zones, you will need a
place to go where you and your friends in your network will wait things out.
If there is a Bank Holiday, you will need cash in your hand so store some in
a safe place. Computer credits in a closed bank will do you no good
They encountered a lot of resistance as did Eric Sprott before him. We have been told silver production is down 14% in the U.S. this year. A lot of silver is mined with copper which is in over abundance as China has too many stockpiles.
Another reason is the the U.S. Geological Survey says silver will become an extinct medal in 10 years. We have been melting down silver coins minted before 1965. Silver should go up in value soon as there is only a billion ounces in circulation and is valued at 32 billion dollars. The dollar value of silver and gold bullion bought by investors is equal for the two metals yet gold is priced 50 times or more what silver’s price is.
The ability of the government to manipulate
prices is lessened each day by the diminishing supply of silver and the
approaching collapse of the dollar. I would expect silver to double in price
long before gold does.
One Hedge Fund could short Morgan Stanley stock
to zero and invest its profits in silver bullion. Pre-1964 silver coins are
a great store of value which is one function of money. After the economy
collapses silver coins will be an ideal medium of exchange because everyone
knows what they are and what they are worth.