When I was a kid, I would read my dad's Barrons and occasional Harry Schultz newsletter. I know, that's not normal - but hey, the Commodore 64 didn't quite do it for me.
Anyway, Harry Schultz called the 2008 stock collapse/credit crisis -though most of us here were just waiting for it to happen; not exactly a surprise.
Now he is reporting:
"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)."
from: http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future
Fun stuff to read - extreme, yes - but in this crazy world - who knows? By the way, I guess Schultz is still alive?
Anyway, Harry Schultz called the 2008 stock collapse/credit crisis -though most of us here were just waiting for it to happen; not exactly a surprise.
Now he is reporting:
"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)."
from: http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future
Fun stuff to read - extreme, yes - but in this crazy world - who knows? By the way, I guess Schultz is still alive?
