Impending Bank Holiday?

reply to post by inthesticks


Anyone can listen to traffic on the internet (web bots, anyone?)
Apparently there are others who listen to the embassies -

"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."

By Peter Brimelow, MarketWatch

This would kind of really suck for those people that have that kind of money in the bank, don't you think? Do you think they'd be a little teed off about this? I sure would be. Maybe there'll be repurcussions that they have no way of controlling. This worries me. WHen people with a lot of money will have less, there's bound to be a major problem in this country.

Here's another source which says that the bank holiday will be Aug. 26, the day after the FDIC gives its report - where they'll admit to being completely bankrupt.

Days Away From Economic Chaos?

reply to post by idealord


Guaranty Bank (TX) failed Friday, along with several other small ones. Was bought by a Spanish Bank - whats up with that?
I thought Spain went bankrupt last summer?

Show me the money! Where is it coming from? World bank? IMF? EU?

FDIC is out of cash - this is why they had to resort to foreigners.