A bank holiday where when they re-open the dollar will be devalued 40% overnight like Prior President Roosevelt did when he fooled the people to turn in their gold for $20 and then they closed the banks and re-opened them and put the value of gold at $35 per ounce.
Lindsey Williams was on his show the other day and was talking about this….Ben’s remarks when he was only Governor and not Chairman of the Fed. These remarks were said back in Nov 21, 2002 Before the National Economics Club in DC.
Would you like to exchange links? I have added your site to mine. http://stockmarketcommentaries.blogspot.com/
Thanks Scotty, and Happy New Year to you too…
Happy New Year Red !!
A bank holiday where when they re-open the dollar will be devalued 40% overnight like Prior President Roosevelt did when he fooled the people to turn in their gold for $20 and then they closed the banks and re-opened them and put the value of gold at $35 per ounce.
They will devalue the US dollar
whats next down the road
Lindsey Williams was on his show the other day and was talking about this….Ben’s remarks when he was only Governor and not Chairman of the Fed. These remarks were said back in Nov 21, 2002 Before the National Economics Club in DC.
http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm
The 5 main points he said he would do to “Make sure it doesn’t happen here”
1) If faced with 1929-1930’s scenario…will lower interest rates to 0
2) Buy those securities from the banks
3) Increase the money supple
4) Will buy companies debt..Meaning QE1 and 2
5) Will devalue the dollar if things continue to get worse.
All 4 have happen..Guess what’s next down the road?
Ben told us what he would do way back in 2002
Thanks BH… I’m listening to it now. Good stuff.
not sure i just turned it on now
How long has he been on BH?