Some of you don't care for rumors, predictions, or other information not carved in stone without 3 corroborating sources.This is speculation, Please bypass this post. (This is slanted towards the british pound so it must be an english newsletter). This was a topic from the latoc financial doom page: " A financial newsletter has reported "some" u.s .embassies are being quietly advised to stock up on a years worth of local currency, ( figs, dinars, camel bawls. whatever) FWIW: 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)." http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future
WE just watched Tora Tora Tora for the 40eleventh time last night to wipe the Obimanation off our set and guess what-- all the nay sayers wanted confirmation then re-verification that the enemy was up to something nefarious even after a destroyer shot at and hit a mini Jap sub then depth charged it. ---By then it was far too late for protective measures---if you see the parallel. Just from this perspective, it appears quite logical to think the worst of a pending economic "major event". our well known investor, Warren Buffet, said yesterday to expect an economic wreckage and this posted potential warning fits into a well respected perspective; therefore, I would be judicious before dismissing it out of hand--- Laus Deo Overbore
Denniger iskicking the same mule and notes some suspect trading last night... http://market-ticker.denninger.net/
