What Obama and The Congress Do Not Know About Bank Runs and IMF Riots Can Literally Kill You

On Tuesday Ben Bernanke announced a policy of Zero Interest Rates (ZIRP) through 2013. Let me translate that: Ben said Obama and I work for the Big Banks. We want to loan them trillions of dollars at zero interest rates so they can buy up America, Europe and the rest of the world at fire sale prices. They buy food and gasoline cheaply and sell it to you at a much higher price next year thus transferring your last few remaining dollars from you to them. We plan to collapse the dollar and steal another 20 trillion dollars on that one day. Then we will close the banks and limit your monthly withdrawals so at the end of a year your entire life savings wouldn’t buy you a Happy Meal at McDonald’s. Today in 2011 if you went to a McDonalds in Zurich, a Big Mac would cost you $17.00. Imagine what 2 years of inflation, a dollar devaluation and an economic collapse would do to your savings? Ask yourself this or better yet ask a politician: How many Big Macs will a hundred dollars buy after your bosses at Goldman Sachs crash the dollar?

In China a salesman will often see a poorly dressed Chinese man walk into a showroom with a satchel containing $3,000 in cash he saved to make a purchase. I say poorly dressed because I have lived with Asians. A Chinese saving money to raise his status and secure his future does not care about fancy clothes and apartment. All he cares about is his food and his goal. Inflation was 10% over the past year in China and is now 15%. Chairman Mao like many Emperors in the past forbade the Chinese to buy silver and gold. For thousands of years of Chinese history farmers protected themselves against inflationary confiscation of their assets by buying silver and burying it. They are now even importing gold and silver despite having the best silver mines in the world. That Chinese man lost $300 in purchasing power because he was holding paper currency rather than silver.

If we fast forward to 2013, how much would an American or a European lose in a $3,000 savings account? The current rate of inflation in the US is 10% according to Shadow Stats. Inflation is slightly higher in England. Bob Chapman predicts inflation should hit 15% by the end of 2011 and 25% by the end of 2012. This means we can easily expect to see a $3,000 bank account drop to $2,000 in value in 2 years. This is one more reason for bank runs.

I could augment that Ben Bernanke translation by saying Ben was telling you to run to your bank and get your damn money out and buy canned food, silver or gold because he was going to take your savings and give every last dollar to Goldman Sachs. He is loaning them tens of billions of dollars at 0.078% so they can buy food this year which you will have to buy from them next year at a much higher price.

Now let’s examine another reason for bank runs. Look at the plight of an Italian man who has 3,000 euros in his savings account. He could lose 30% of his life’s savings in less than 3 months. Most Americans do not know this: His euro note is issued by the Italian government and is clearly marked as such so as to distinguish it from a German or Dutch euro. When, not if, Italy Spain, Portugal and Greece are forced to withdraw from the euro zone, that Italian euro will be exchanged for lira slapping him with at least an immediate 30% loss plus more from inflation after that.

Another thing Zero Interest rates do is lower the value of the dollar. This makes things like food and gasoline incredibly expensive. It also lowers your purchasing power and cuts your real wages. As they say in Silicon Valley, that’s a feature and not a bug. Michael Hudson said that Obama’s only jobs policy is to cut wages 30%. Hudson could have added that the head of Obama’s Jobs Council is sending every last high paying job in America from his company GE to China. So what Ben said is that after you lose your job you will eventually be forced to take a McJob for ten dollars an hour. Then Obama and Bernanke will inflate the currency cutting your wages another 30% to 7 dollars an hour. I hope you have change left over to pay the sales tax on that Big Mac.

As I write this, I am watching Asian gold and silver markets. Hong Kong is 13 hours ahead of me. Gold will be testing $1,800 for the third time in less than 24 hours. The CME changed gold margins again when gold reached 1,815. My regular readers know I am more interested in silver. Gold is being forced up by the Bernanke-Obama non-policy of zero interest rates, dollar devaluation, massive spending cuts for the poor and a 30% pay cut for those of you who still have a job and can hold onto it for the next 2 years.

Having watched the Asian markets tonight, I have concluded that white people are more terrified that their currencies will very soon collapse than are Asians. I also am keeping an eye on the silver supply at the COMEX in New York. When that goes to zero, the paper silver manipulation games will be over and silver will double and maybe even triple in price. Caution: Now is definitely not the time to buy silver on a credit card.

Did I mention that I believe the whole US Treasury debt rating cut was a fraud? They wanted to cut the Treasury bond rating so markets will become more volatile enabling brokers, bankers and Hedge fund speculators to make another fortune before they kill America and the dollar? London papers are speculating that George Soros, the Jewish Nazi collaborator, made ten billion dollars in a week because he had prior knowledge of the Treasury ratings cut.

My regular readers also know I often quote the Russian demographer Borisov who said between 3 and 7 million Americans died of starvation in the Great Depression. At that time there were only 150 million Americans vs 310 million today. At that time 90% of Americans lived in rural areas with access to farm and garden food. Today 91% of Americans live in cities and no where near food.

Now we are in a position to really understand IMF riots. The IMF comes to your nation and demands you pay them exorbitant fees for the following advice: Cut your budget. Close half of your schools and hospitals. Fire the teachers and the hospital workers. Fire half of your police force. Cut the wages of anyone who still has a job. Cut Social Security. Cut medical benefits both for the poor and the elderly.

Obama, Bernanke and Goldman Sachs want to let the IMF run over America and do that to you within the next 24 months. I suggest you memorize the above list of cuts and organize to oppose them.

It would not take 24 hours for the first looting to break out after the IMF curs were made. These are what is known as IMF riots. Like the current riots in England and Greece. They serve a useful purpose for the bankers.

Did you notice that PM David Cameron allowed the rioters to run amok and restrained the police? The whole point of IMF riots is to create a panic in the middle class so they could be conned into supporting draconian laws that outlaw all political protest and dissent thus allowing the bankers to safely keep what they stole from you.

A final word about the English rioters from a Chinese perspective. The Chinese believe the people imitate their leaders. Goldman Sachs is the whole world’s elite. They can rob anyone of anything and never do jail time. They are the people the rioters are imitating.

Before closing I would like once again to ask you if you really and truly believe that 2 million blacks will willingly die of starvation rather than say bad words about bankers? I would like to ask you if you really and truly believe that 2 million Hispanics will willingly die of starvation rather than say bad words about bankers? I would like to ask you if you really and truly believe that 2 million whites will willingly die of starvation rather than say bad words about bankers?

There are solutions but you will never hear them from Obama, Bernanke, Bachmann and Romney. The solutions are quite simple. Outlaw immediately all Credit Default Swaps. CDS expose taxpayers to a potential loss of more than a quadrillion dollars with no benefit to any real human beings. Ban all short sales of stocks. Short sales just counterfeit stocks. The brokers are supposed to eventually clear those short sales at what is called the Depository Trust. They do not. CDS and short sales can bankrupt companies. CDS can cause panic and send interest rates on your Treasury bonds higher which will only increase the deficit.

Cancel all unpayable debts. Issue Greenbacks to replace interest bearing Federal Reserve Notes which require us to pay taxes on money we should have created. Reinstate Glass Steagall which will stop commercial banks from taking speculative investment risks with their depositor’s money. I might recommend a role for a gold exchange as we had prior to August of 1971. This to calm markets and stabilize the situation.

Of course we need to arrest a few thousand people from the banks, the ratings agencies and the government, seize all of their personal and corporate assets and use this money to help restore pensions that were looted.
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A Comedic Interlude:

Obama’s Job Re-training and Relocation Program

I thought of a great idea for either a SNL or YouTube or radio skit. Obama unveils a job re-training and relocation program for long term unemployed Americans who timed out on unemployment. Scene 1 Obama makes the announcement. Scene 2 we see a woman being interviewed who is willing to learn new skills and to relocate. Scene 2 a group of American women are working at customer service jobs in a phone room. The woman from Scene 2 answers the phone and asks how she can help with your Food Stamp issue. The woman on the line says, “Janet, is that you? Where are you? I heard Obama relocated you and trained you for a new job.” Janet says, ” I’m in India. I make a dollar an hour and work 48 hours a week but it doesn’t cost much to live here. The job retraining was just getting us used to life in rural India. I share a room with 3 other American women. They taught us enough Hindi so we can figure out the traffic signs well enough to keep us from getting killed crossing streets. And Geithner made us a deal on Social Security. We get to collect one fourth of what we would have gotten if we stayed in the US. And every 10 years our employer JP Morgan Chase will give us a round trip ticket to the US so we can see our families. So Susan, I guess they must have closed the last GE plant in America if you are calling for Food Stamps.”
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If anyone wants to make a video or to use this on Internet radio, all I ask is that you cite my blog and send me a copy so everyone can hear it.

You might also consider an ongoing feature on Internet radio or on YouTube where you translate what Ben Bernanke said into what he actually meant as I did above though with more humor as in: He just said, “you are screwed because I just sold your homes and your local utility company to the Chinese.”

About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
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5 Responses to What Obama and The Congress Do Not Know About Bank Runs and IMF Riots Can Literally Kill You

  1. Pingback: Latest News | The Aussie Digger : Home of all Australian Veterans ex Service and Serving members

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  3. horse237 says:

    I allow almost anyone to express their views. I do not reply to any one person. I only reply to all.

    If you do not see your comment, it is not because you are intellectually superior/ It is because you used profanity.

    If you have specific criticisms, please make them. Otherwise I do not respond to general statements, such as, you are being mislead.

    I like Chris Bollyn, but Michael Collins Piper and others think his research leaves a lot to be desired. Even 100 tons of nanothermite and a lot of C4 would not explain how 440.000 cubic yards of reinforced concrete were turned into dust in 2 seconds. They must have had an exotic weapon. People who say micro-nukes should note that the windows were not shattered. I have heard of a miniature fuel air bomb.

    If anyone knows of a website that has a list of 911 passengers different than CNN’s, please go to http://www.Archive.org and enter the website and the date to find a better passenger list. If you find one, I will publish it.

  4. Pingback: What Obama and The Congress Do Not Know About Bank Runs and IMF Riots Can Literally Kill You | Video Rebel’s Blog

  5. farragut says:

    Interesting thoughts; thanks for sharing them. I, and many others, will need to think more deeply about them, as they represent such a dramatic departure from what we’ve been led to believe all the past years.

    One side note: there’s nothing wrong with ‘regular’ short-selling of stocks (the borrowing of shares from a broker to sell in the market, then you buy them back in the open market at a later time and return them to your broker). In fact, this provides a much needed service in the equity markets. As shorts reach their price targets in a falling market, they buy the shares they borrowed and sold, thus providing some stability when everyone else is selling.

    However, ‘naked’ short-selling is illegal and should be punished severely. This is when individuals or groups sell shares they haven’t even borrowed. In essence, they’ve fabricated shares from nothing and are most definitely contributing to the destruction of a company.

    Thanks again for your blog. I’ll continue to visit as I think about the implications of your words.

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