Bank Holiday (Swine Flu Second Wave) Coming in Late August?

Looking at what happened last September/October, we know that the whole ponzi financial system is very fragile. Gerald Celente issued a bank holiday warning late last year. A Congressman from PA told that the world financial system was only a few hours away from complete meltdown last year. German chancellor Angela Merkel, argued that national sovereignty over financial regulation is what caused the crisis in the first place. The stage has been set for a new global finiancal order to soon take effect.

Bloomberg reports corporate executives have started ditching their stocks at a rate not seen in years. This suggests that the market—currently enjoying one of the greatest rallies in decades as stocks continue to rise from last year’s post-crash nadir—is about to have the rug pulled out from under it, a fact that corporate executives in the know are taking to heart as they scramble to get rid of their worthless stocks before the general public realize what’s going on.

“They’re looking to take some money off the table because they think the rally will come to an end,” said Ben Silverman, the Seattle-based research director at InsiderScore. “It’s the most bearish we’ve seen insiders, on a whole, in two years.”

The last time there were more U.S. corporations with executives reducing their holdings than adding to them was during the week ended June 19, 2007, the data show. The next month, two Bear Stearns Cos. hedge funds filed for bankruptcy protection as securities linked to subprime mortgages fell apart, helping trigger almost $1.5 trillion in losses and writedowns at the world’s biggest financial companies and the 57 percent drop in the S&P 500 from Oct. 9, 2007, to March 9, 2009.

There’s much more information in the report about stock sales at individual companies, but, perhaps the most important detail is that insider selling reached an all-time record back in the first quarter of 2000, as the 18-year bull market in stocks reached its climax, the official demarcation point between “dotcom” and “dotbomb”.

Are the wheels coming off the system? Many think so.

Bob Chapman’s Int’l Forecaster newsletter revealed (5/20) this startling intelligence (from within US State Dept & embassies):

”Some US 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 US cash to purchase currencies from those govts, quietly. But not £’s. Inside the State Dept there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.”

Bob quotes another source that “Panasonic has told their people to be back in Japan by Sept 09.”

Harry Schultz, dean of newsletter writers, has quoted the Chapman letter of May 30 regarding US embassies being sent large amounts of cash with which to buy local currencies, to last them a year. Here is Harry’s remarkable take on the situation:

“My HSL suspicion is that the elite plan another FDR style “bank holiday” of indefinite length, perhaps very soon, to let the insiders sort-out the bank mess which is getting more out of their control every day. Insiders want/need to impose new bank rules. Widespread nationalization could result, already under way. It could also lead to a formal US$ devaluation, as FDR did by revaluing gold (& then confiscating it). But devalue against what? The euro? Doubtful. Gold? Maybe. Or vs. the IMF basket of currencies (which seems more likely)—& much in the news recently. Any kind of bank holiday will push the US$ lower, which may be a bonus benefit to their ongoing scenario of letting the $ fall. Such a fall would get the devaluation they want without having to declare it. In sum, the insiders want more bank & system control, fewer banks & a lower US$. A bank holiday would suit all their needs.

A Bob Chapman subscriber reported overhearing 2 FEMA jacketed men talking to a police chief in Calif. They wanted to federalize the police across the US. They (govt) would be closing banks in late Aug, early Sept & that it will get ugly.”

A bank holiday would be a response to panic, which is not imminent. It may happen in the future when all the problems are revealed, but only in response to an acute situation. A proactive shutting down of banks is not in anyone’s economic interest. Spending would freeze up and a total loss of confidence would ensue, sending everything into a downward spiral.  What could change this equation would be a pandemic type of event.

Late August also marks the date when the Spanish flu became incredibly deadly:

In late August 1918, the second wave of the Spanish flu struck three port cities at nearly the same time. These cities (Boston, United States; Brest, France; and Freetown, Sierra Leone) all felt the lethalness of this new mutation immediately.

If history repeats itself and the swine flu second-wave becomes a mega-death killer, late August or early September would be the time of year we can expect it to hit with fullforce. The Spanish flu spread quickly, killing an estimated 50 million to 100 million people around the world.

If this Swine Flu is the Spanish Flu reborn and has escaped the labortory (or been unleased as a population control device), then banking insiders might know this. If there is a conspiracy afoot, late August or early September seems a good time  for their ‘bank holiday’ because they know people will be preocupped with the pandemic.

Now is the time to prepare for worst case senerio, as any good Boy or Girl Scout would do.

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