There’s some very real ‘STUFF’ [you can place a word of your choice there] – going on the global financial front that may be signaling some sea-changing event. On this last Monday, April 11th, the Fed’s Board of Governors held a closed-door “expedited special meeting” with President Obama and VP Biden present. A second meeting was called for the next day. The G20 Finance Ministers and the World Bank and IMF were in session around the same time. The subject was “bank supervision.” “The Federal Reserve Bank of Atlanta just revised US GDP growth for the first quarter to the precipice of recession at 0.1%.” In Europe, Italy is dealing with 360 billion euros of bad loans and holding only 50 billion in reserve.[i] Venezuela is suffering an economic meltdown with a nearly 500% inflation rate.[ii] The global economy is in real trouble. The back story to all of this may be, that as reported by Steve Quayle and other sources, China will be moving to a gold-backed currency, the yuan, on April 19th. [Whether this is true I cannot say for certain.] The Chinese have long been buying up gold reserves in a market that has been manipulated to offer artificially low gold prices. Steve Quayle shouted this warning to the world. “THE TENSION BEHIND THE SCENES BETWEEN THE U.S. AND CHINA IS BUILDING AND THIS MAY BE THE REASON FOR THE EMERGENCY MEETING BETWEEN OBAMA AND BIDEN TODAY WITH JANET YELLEN. …. THOSE IN THE KNOW ESTIMATE [China has] BETWEEN 19-29 THOUSAND TONS! ….THE U.S. HAS NO GOLD RESERVES ANY LONGER TO MATCH THE CHINESE – COUPLED WITH ALL THE APRIL 19TH EVENTS SOMETHING HAS CHANGED LAST NIGHT IN THE OVERSEAS GOLD AND SILVER MARKETS – COULD WE BE FACED WITH A MASSIVE US DOLLAR DEVALUATION COUPLED WITH ORCHESTRATED TERROR EVENTS IN SPECIFIC WORLD CITIES INCLUDING THE UNITED STATES?”[iii] Now the US & the UK have already run a “major bank failure drill” and the military has practiced “how they would protect their assets from the public when the banks fail and retirement accounts are seized as collateral by the government.” We must remember that recent changes in banking regulations have made our deposits bank property. In the event of a default they can use our money to take care of their debts. Our deposits are their assets – and serves as collateral against their derivatives debt. In addition, there is a plan in place to seize retirement accounts to stabilize the system. Other than that, everything is fine.[iv]
[i] What In The World Is Going On With Banks This Week?, Activist Post, April 13, 2016
[ii] Venezuela: the land of 500% inflation, CNN Money, April 12, 2016
[iii] Quayle Alert: Heads-Up April 19th -China Has Announced Gold Backed Yuan on this Date, Before It’s News, April 12, 2016
[iv] Dave Hodges, Current Banker Meetings Are Deciding How to Confiscate Your Bank Account and Retirement,
The Common Sense Show, April 13, 2016
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