Is Economic Marshal Law Coming in 2012?

The coordinated action of six major central banks to stimulate the global financial system this week warns us of how fragile the system is:

China is in the midst of a huge investment bubble that has propped up raw materials (base commodities) markets around the world.  If it bursts, Australia, Africa, the Middle East, South America, all have high risk of severe contractions.  A vicious downward spiral of economic activity would occur.

Weak European Countries are all but lost.  This will increase money printing.

The developed economies will go after individual’s wealth by taxation.  Double taxation will become the standard.  You just thought that money was yours.

Volatility in the price of gold, silver, and oil will keep the average investor in anxiety.

Prices at the local level will continue to rise and cause people to reduce their expenditures on discretionary items and further the contraction.

It’s getting ugly out there!  A Bank Holiday (closing of banks so that you cannot withdraw funds) may be upon us.


VP Joe Biden reveals the fact that President Obama was considering a “Bank Holiday” during their transition and sought John Corzine’s opinion.  Mr. Corzine made bad bets on the European market and led MF Global into bankruptcy and there is a lot of money missing.  The  following excerpt is from:

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people briefed on the matter.

During MF Global’s last days, it overdrew an account at JPMorgan, the newspaper said, citing a person close to the matter. MF Global transferred roughly $200 million in the days before the firm filed for bankruptcy, the paper reported.

MF Global filed for Chapter 11 protection on October 31 after the New York-based company revealed it had made a $6.3 billion bet on European sovereign debt, spooking investors.

Regulators are trying to determine what happened to the missing money and whether MF Global may have improperly mixed customer funds with its own, a violation of industry rules. The total shortfall at the brokerage is estimated to be just under $1 billion.

The Administration is asking this guy’s advice?  Our Heavenly Father’s advice is the only words of wisdom worth anything at this point.  The complexity of the financial system is above any individual’s understanding.


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