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HISTORY SET TO REPEAT AS BANK HOLIDAYS SPREAD TO THE UK

Posted by George Freund on June 22, 2012 at 2:05 PM

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There is no cause for alarm. The global economy is unsinkable just like that infamous White Star liner. Absolutely nothing can fail because our leaders are the pawns of secret societies that own our governments in total. They own the popular media who will never concede a plain truth until it is far too late to ever change a destiny.

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We have heard that Moody's has downgraded 15 major banks. That's all well and good except for the fact that this action is at least months and more likely years too late. The men in the suits could never admit they erred in the creation of the free trade utopia we have been lead to. Now that the water is reaching the ankles of those in first class only the grandest of fools can deny the fact the great ship has been holed and is foundering. The passengers of this economy are so sure of themselves they are seeking a flight to safety to the banks of other nations further from the fractures in the hull.

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We can see how safe a strategy this is. Perhaps these passengers have fled Greece, Spain or Portugal. They are about to enter the safe haven of the UK. Perhaps there was a time when the pound was a safe haven. It was called the pound sterling then. It is nothing more than another part of the fiat currency nightmare unfolding. This ship is sinking slowly. The safe haven could last weeks or months, but it will not last. In fact even as we write this there is a bank holiday in the UK.

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Of course it has nothing to do with the solvency of the bank. It is just a computer glitch. An Italian bank had one of those before. They lie again and assure us the vessel is unsinkable. There is still no cause for alarm. Even after it descends under the waves in the final dive to the bottom, we will be assured all is well. Nothing can ever go wrong. We're invincible. However, in another article the ratings agencies are concerned for the customers' deposits. OOPS! The cat is out of the bag.

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Customers of Natwest and RBS are able to access funds in branch. They will be under the glitch until Monday. So we are still a long way from the collapse we hope. As that time approaches an old law may be dusted off - the Gold Confiscation Act of 1933.

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The Gold Confiscation Act was enacted by then President of the United States, Franklin D. Roosevelt, right after he had just been inaugurated. He shut down all the banks in the United States and claimed a national emergency. The term used to shut down all the banks is “bank holiday.” FDR pushed through Congress the Emergency Banking Act (H.R. Bill 1491). No one knew who wrote the law and I have heard that Congress did not get a chance to even read it.

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The only exception to this law was if the gold was considered rare or collectible. Rare gold is that which is dated back from 1933 or simply old gold.

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When they get really desperate they'd take any and all gold they can get ahold of. We have been programmed to believe paper dollars have intrinsic value and precious metals do not. Let history end the debate once and for all. They came by force for the gold redeemed in worthless paper.

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How will the next 'holiday' unfold and when is in the future. We can only be certain that it will. Prepare yourself mentally and emotionally. There will come a day when it is every man for himself. Whether you struggle with the masses in the water or ride out the collapse in your lifeboat is a decision totally up to you. I'll be tapping out the SOS for as long as possible.

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Categories: New World Order, Economy