July 23rd -- The Day the Dollar Crashes?
The largest banks in the world have been repeatedly stating that a global depression is coming. Fortis Bank, the 20th largest company in the world and 3rd largest bank, said yesterday that a complete collapse of the US financial system is expected in the next few days to weeks.
Fortis believes that 6,000 banks in the US will go bankrupt, as well as Citigroup and General Motors. Due to the crisis, Fortis narrowly avoided insolvency itself recently and were saved by a € 9 billion injection.
Sources indicate that July 23rd could be the day the dollar crashes.
Other banks warning of a financial apocalypse is the Royal Bank of Scotland (RBS), Barclays, Morgan Stanley and the almighty Bank for International Settlements (BIS).
"A very nasty period is soon to be upon us - be prepared." - Bob Janjuah, Morgan Stanley
"Cash is the key safe haven. This is about not losing your money, and not losing your job." - Bob Janjuah, Morgan Stanley
"The point of maximum stress could occur in coming months if the ECB carries out the threat this month by Jean-Claude Trichet to raise rates. It will be worse yet - for Europe - if the Fed backs away from expected tightening. "This could trigger another 'catastrophic' event," warned Morgan Stanley."
Protect your family just in case:
- Buy longterm supplies/food
- Sell *all* stocks, bonds and financial instruments
- Liquidate IRAs, 401ks, retirement plans etc
- Buy agricultural commodities (things people use), buy gold/silver, short stocks (ibanks, etc)
Read the mainstream news articles:
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve
BIS Warns of Great Depression from Credit Spree [the FED's Central Banker, most powerful bank in world]
RBS Issues Global Stock and Credit Crash Alert
Support for Euro in Doubt - European Monetary Union unstable
Market full of oil, price trend "fake": Ahmadinejad
Fortis believes that 6,000 banks in the US will go bankrupt, as well as Citigroup and General Motors. Due to the crisis, Fortis narrowly avoided insolvency itself recently and were saved by a € 9 billion injection.
Sources indicate that July 23rd could be the day the dollar crashes.
Other banks warning of a financial apocalypse is the Royal Bank of Scotland (RBS), Barclays, Morgan Stanley and the almighty Bank for International Settlements (BIS).
"A very nasty period is soon to be upon us - be prepared." - Bob Janjuah, Morgan Stanley
"Cash is the key safe haven. This is about not losing your money, and not losing your job." - Bob Janjuah, Morgan Stanley
"The point of maximum stress could occur in coming months if the ECB carries out the threat this month by Jean-Claude Trichet to raise rates. It will be worse yet - for Europe - if the Fed backs away from expected tightening. "This could trigger another 'catastrophic' event," warned Morgan Stanley."
Protect your family just in case:
- Buy longterm supplies/food
- Sell *all* stocks, bonds and financial instruments
- Liquidate IRAs, 401ks, retirement plans etc
- Buy agricultural commodities (things people use), buy gold/silver, short stocks (ibanks, etc)
Read the mainstream news articles:
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve
BIS Warns of Great Depression from Credit Spree [the FED's Central Banker, most powerful bank in world]
RBS Issues Global Stock and Credit Crash Alert
Support for Euro in Doubt - European Monetary Union unstable
Market full of oil, price trend "fake": Ahmadinejad
posted by The Builder at
8:28 AM
2 Comments:
Why July 23rd? Why do your sources pinpoint that date and not any earlier or any later?
The source is trusted and real (I think) but it doesn't mean it is true. Someone could work somewhere important and still hear something untrue.
I don't really believe the dollar is going to crash but the central bankers and others seem to think so.
I also understand how it can drive economic integration, so I see the debasement and eventual abolishing of the US dollar as a natural inevitable event in terms of our current economic and monetary policy.
But one of my establishment friends disagrees and says that we are in economic warfare with the ECB. The article above,
Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve pretty much confirms that.
He told me this months ago and said that due to Europe's manufacturing industries and financial problems they are going to experience a massive depression while the US goes through one of its greatest booms in its history.
He's an ibanker in NYC, well aware of Europe and friends/colleagues with those pushing the open conspiracy.
More likely though, I think in 2013 our society will be similar to now but more war, more suffering, more security and more instability.
But I believe our basic infrastructure will survive any global economic crisis and 12-21-12 but war with China and all of Asia seems very likely.
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