Economic Chaos in the U.S. by September 30th

Many Predict US Financial Collapse in September

The day in the near future when the consequences of financial FRAUD finally outpace the ability of the governments, central banks and big media to cover up and obfuscate the truth. Many respected voices have now gone on record that around September 30 the dollar will collapse .

Bob Chapman [Internationalforecaster.com] revealed that the US State Dept has advised embassies worldwide to stock up on a year's worth of the local currency in anticipation of collapse of the US dollar. Look for a temporary banking shutdown timed for around September 2009. As under Roosevelt, some banks won't reopen. 96% of bank reserves are currently held with the Federal Reserve who tells the banks not to loan the money, but rather to save it for further banking acquisition and consolidation. Chapman foresees a bank holiday lasting 4-5 days. Chapman thinks this first bank holiday presages a much more significant bank holiday months to years later which will involve simultaneous devaluations of multiple currencies as well as other significant changes in the banking system.

Can you say "new world order"

Harry Shultz [as quoted in marketwatch.com] says "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."

Benjamin Fulford [http://benjaminfulford.typepad.com/benjaminfulford/] states that for almost a century the US Treasury Dept has been issuing specialized debt instruments to countries with which the US has had a trade surplus. These complex debt instruments are tailored by complex treaties. Unfortunately, the recent US Treasury funding needs exceed the willingness of these creditor nations to extend additional credit. Fulford writes, "The problem is that after nearly a century of issuing these debt instruments, the chickens are coming home to roost. President Obama tried at the recent G8 plus 5 meeting in Italy to borrow more money than George Bush junior did in 8 years. He was told a resounding no. The result should be total economic chaos in the U.S. by September 30th. "

Only an IDIOT would not realize the US dollar is about to collapse! It doesn't matter if the stock market goes up or down.

Jim Willie [goldenjackass.com] writes of an Asian led initiative ending dollar hegemony beginning this weekend. Willie suspects that the Fed/Treasury is covertly loaning foreign central banks the money with which the central banks are now using to buy US debt. Increasingly, US debt is being bought by foreign central banks taking up the slack of investors abandoning US Treasury debt. Willie confirms Chapman's comments and says he solicited and received "multiple confirmations." He adds, "CHAOS WILL PREVAIL WITHIN SEVERAL MONTHS, PERHAPS A YEAR AT MOST{his emphasis}."

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The Fed/Treasury is covertly loaning foreign central banks the money with which the central banks are now using to buy US debt. This of all the things I've read makes the most sense. It would be easy for the Fed to print worthless money to loan to foreign banks to "buy" us debt. How crazy is this. It is so crazy it would make sense to a crazed fed. (Story Reports Comment)
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Jim Sinclair [jsmineset.com] has recently visited China meeting with its leaders. He states that China is increasingly more willing to take on the United States in its apparent maneuvers to inflate its way out of its debt crisis. In early July Sinclair started a 120 day countdown till breakdown of the US dollar ends market manipulation and all those sour economic chickens come home to roost.

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FED IS OUT OF TRICKS

The Federal Reserve/US Treasury have exhausted their bag of tricks. The Fed is fighting rising interest rates, a difficult task given the hyperinflationary debt financing it is now doing. Once rising pressure on interest rates become too much for the Fed to control, there will probably be several sudden economic and financial surprises cascading with currently known dilemmas: crashing dollar; increasing home mortgage defaults; commercial mortgage defaults reaching critical mass; falling bond and stock markets extending insolvency of pension funds; defaults on debt by state and local governments. Let not forget Martial Law and No US Constitution. The Obama dictator will come out of the closet.

What will this fall really bring? Unfortunately, it may make last fall look pretty tame. When the government answers economic distress by preparing for the worst, then the worst will be what happens.

Remember Uncle Walter Cronkite said, "American people are going to begin to realize they are going to have to yield some sovereignty to an international body to enforce world law, and I think that's going to come to other people as well," he said. "It's a fair distance to get there, but we are not ever going to get there unless we keep trying to push ourselves onto the road."

Obama agrees Americans should give up some sovereignty and he "The Mutt" is more than willing to rescue us from ourselves to destory America while pretnding to "save America".

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Meanwhile the "banking queen" barney frank is an excellent example of the US government comming out of the closet to "repair" or "fix" the US economy. Its all in the basement now so to speak.