Posted on 11/29/2009 2:45:48 AM PST by Daisyjane69
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
(Excerpt) Read more at theinternationalforecaster.com ...
There is more information (if you want it) on this series of 5 You Tube videos, when he takes questions from Marines stationed throughout the world:
http://www.youtube.com/watch?v=K2_l8JY4Kzw&feature=related
http://www.youtube.com/watch?v=v__P5umraRQ&feature=related
http://www.youtube.com/watch?v=n0enGIxC8H4&feature=related
http://www.youtube.com/watch?v=ISxso-8SXQM&feature=related
http://www.youtube.com/watch?v=T1LGRKydejQ&feature=related
The first 4 videos are about ten minutes each. The last one is almost 8 minutes long.
This is something to watch. Question...Has anyone come across any propossed policy changes that would restrict COLA on SS if we hyperinflate?
I hope someone more expert than I comes in later and weighs in on this, actually.
Because if I am understanding him correctly, it sure sounds to me like the purpose of devaluing the currency later on, is to reduce the gov’t debt by 2/3. In other words, if you currently receive $ 1,000 from SSA, you’ll be expected to live on $ 333 of the “new currency.” The COLA is prolly the least of anyone’s worries!
I’m watching this also. My parents are both retired: One on SS and the other on a gov’temployee pension. This would also, btw, affect any other gov’t checks: unemployment comp, welfare, foodstamps, etc. (Again, if I’m understanding this correctly. I’m hoping someone rolls by and tells me I’ve got this all wrong.) Otherwise, it’s gonna get ugly......and fast.
I’d ignore a guy like Chapman, except he’s got some history behind him. He’s semi retired, after having spent 50 years in the international financial markets.
Oy!
One of the few good things that would come of such a grim scenario is that we’d finally get our wish around here:
Drill, mine, and refine.
(and that would be ‘President Palin’ to YOU, Mr. Obama)
LOL
It normally takes about 18 months between the time extra money is printed until the inflation hits. As it gets worse the time lag decreases until it can change day to day like Zimbabwe. I’ve been expecting hyperinflation since Zero lied his way into office.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.