The Mother of all Bank Runs!

GoldSeek.com ^ | 8 December 2014 | Bill Holter

[dontreadthis]

Do you remember seeing old pictures of the Great Depression which depicted "lines"? There were two types, bread lines and also lines to the front doors of banks. While we don't see any bread lines today, trust me, there are bread lines in every single state, and long ones at that. Nearly 50 million people in the U.S. survive on SNAP, EBT cards or whatever they are called in your state. Can you imagine the "confidence" it would instill if each day on your way to work you saw massive lines of people waiting for breakfast? Or, when you came home from work you turn on your television only to see long lines again, this time for supper? I can see it now, some reporter out on the street giving us the "good" unemployment, inflation or GDP news with a line of people in the background waiting for food. My point? False economic news would be harder to "sell" and even harder to "stomach" (pun intended). SNIP I mention the above because another situation is now arising, another "line" is beginning to form. The current line formation is unfortunately the scariest imaginable, we are facing the Mother of all Bank Runs! This past week Willem Middlekoop uncovered another central bank asking for their gold back, Belgium. We already know Germany had publicly requested their gold back beginning in early 2013 and gotten very little so far. Just a couple of weeks back, The Netherlands announced the repatriation of 122.5 tons of gold ...after the fact. When the announcement came, it said the transfer and transaction had already been done. Several days afterwards, a leading candidate for France's next election also brought up the possibility of French gold being repatriated ...and now it's Belgium!!!

[dennisw]

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[dennisw]

I AM SURE I AM RIGHT_____

That these nations have wanted their gold back for a while but the Federal Reserve Bank did not have it. It had been leased out or something similar.

So the NY Fed told them they will just have to wait and keep quiet about it. Wait until the PTB had jammed down the gold prices from $1900 to $1100. The Fed is now buying gold on the open markets and sending it to them.

[sarge83]

In the next 10-15 yrs. some president and congress are going to have to make some real hard decisions which will be considered barbaric and unthinkable currently. Sacred cows in Washington will have to go under the knife to be gutted or slashed heavily and it will cause great pain and destruction for a while. I fully expect major riots and destruction of some cities if not an out right world war.

If they can keep the country together and make the right decisions we will emerge stronger than ever, if not it will be the barbarians coming over the hill and balkanization of the country or out right fascism. If it is the later I hope to have lots of silver, some gold and lots of guns and ammo.