Go Get Your Dollars Out Now! (citizen from Argentina)

[katty]

more: http://www.globalresearch.ca/index.php?context=va&aid=10430

Will the Crisis Bring Down the Global Financial System? Go Get Your Dollars Out Now! FAST!!!

by Adrian Salbuchi (Argentine citizen)

Global Research, October 3, 2008

The events of the last two weeks have clearly revealed that the global financial, monetary and banking system imposed on the world by the power structures promoting "globalization" is fundamentally flawed, unviable and immoral in its effects upon the most all of Mankind. After allowing a small cabal of shady characters to illegitimately accumulate vast amounts of wealth and power over markets, corporations, industries, media, armed forces and entire nations, like the World Trade Center towers on 9/11, this entire System is now in free-fall, collapsing into itself in one massive implosion.

This loathsome and unjust Global Power System was designed and implemented over the past seven decades by the geopolitical and geoeconomic strategic planners serving the New World Order power structures, most notably its network of discrete, low-profile but highly powerful private think tanks, such as the Council on Foreign Relations (CFR, founded in New York in 1919), The Trilateral Commission (founded in 1973), The Bilderberg Conference (formed in Holland in 1954), and others like the Cato Institute, American Enterprise Institute (AEI), and the notorious Neo-con Project for a New American Century (PNAC) (1).

Considering the enormous complexity of the process that is taking place right now; the vast amounts of information we are bombarded with every minute of the day, and the apparent difficulty in foreseeing just how this global crisis will finally be resolved, we would summarize certain important aspects and key data which we believe will help us put together this veritable jig-saw puzzle, so that we may begin to fathom what the true face of this horrendous creature euphemistically called "globalization", is really like. As Argentine citizens, we have a huge advantage over other peoples including US citizens when it comes to understanding and coping with this kind of crisis.
I say this because in our own lifetimes we have suffered in Argentina all of what is now happening globally - albeit on a much smaller scale in our case. We've seen this movie... We've been there, and done that... We've been pushed and dragged through the entire hysterical hocus-pocus of inflation, hyperinflation, systemic banking collapses, currency changes, Debt Bond Swaps, Mega-Debt Bond Swaps, financial "armouring", banking holidays, freezing of bank accounts, etc., etc... And we have also suffered the end-results: bank bail-outs paid for by taxpayers (or through inflation, or through the confiscation of savings), disappearance of pension funds, destruction of job posts and overall impoverishment of the population.

So, take a clue from our thirty years' experience in "financial meltdowns": GO GET YOUR DOLLARS OUT FROM YOUR BANK NOW, AND DO IT FAST!!!!

[gcomeau]

1. Sigh...

You know one thing that does bring financial systems down? A mass panic that results in large amounts of people "Pulling their dollars out. NOW!"

This article is practically begging people to do what they can to help a collapse along. "Hurry everybody! Create a run on the banks! It's the responsible thing to do!!!!"

[galileoreloaded]

2. I don't know. Jim Cramer said the same thing this morning on NBC.....n/t

[depakid]

4. He has about as much credibility as the website in the OP

(which is known for having some very kooky takes)

[stillcool]

15. You don't think the writers on..

Global Research are credible? What kooky takes are you referring to?

[depakid]

19. I've seen half a dozen artciles on the site that were full of dire predictions

about one thing or another.

I learned my lesson a couple years ago by citing one of the pieces there on another board and being hammered, as the article contained numerous debunked asertions and false statements of fact.

As I recall, the piece was about a defense & foreign policy matter, and since then, I take anything written there with a huge grain of salt. Especially if it appears to be alarmist.

[stillcool]

22. Wow..that's a shame..

they have some great authors that contribute to that site regularly..Including Chalmers Johnson, William Blum, Naomi Wolf, Norman Solomon, and Paul Craig Roberts. A who's who in writing about global affairs and foreign policy... as well as writers that are unknown to me, but are from all over the world. I would say they are much more credible than any news agency in this country today.
http://www.globalresearch.ca/index.php?context=latestNews

[depakid]

24. Truthout had some good writers, too

but unfortunately, they also a high profile case where writer got it really wrong.

[katty]

5. yes, he did - I was amazed he even did that

[SammyWinstonJack]

7. He's telling people to pull their money from their accounts?

[gcomeau]

9. Ahem... he said to pull your money out of the BANK?

Or did he perhaps tell people to pull it out of stocks? There's a rather large difference.

[katty]

13. yes, to clarify, it was get out of the market, cash out or park it

in some safe havens-NOW. I was surprised by his emphasis on NOW-Today. I know he gets hyped up, but he hit the panic button this morning - Actually, I think it is wise advice for some although he delivered it with his usual high drama.

[nadinbrzezinski]

16. Not exactly, what Cramer said was to pull out of the Stock exchange what

you needed for five years...

[TNDemo]

18. What about bonds?

They are the only thing in my portfolio seeming to do well.

[nadinbrzezinski]

23. I'd ask a financial expert

that said, guv'ment bonds are usually safe things in times like this

[uppityperson]

3. Seems if the whole system collapses, a dollar bill will be good for only a few things.

Lighting fires, tp, etc. A run on the banks won't help. IF someone were to be worried, stock up on food and things you may need when the dollar bill is only worth a sheet of tp.

[Greyhound]

8. It is much higher in quality, the linen even makes them washable for reuse. n/t

:kick:

[Old and In the Way]

11. Exactly.

I like the ads that are popping up about buying gold. As if that would become a new currency we can believe in....I mean, if the system collapses, how do you have an intrinsic market to value that? How do you run an effective economy on $50.00 gold pieces? If the system collapses, the only value trades will be bartering useful stuff/services.

[Winterblues]

10. I believe she was referring to World Markets and not US Banks

I believe the dollar will continue to weaken even though today it went up. The reality is most countries do not like America at this particular time in history and because of the dollar losing value it would be wise to liquidate dollars until a new Administration and a new direction for America with new foreign policy. As long as we maintain the current beligerent policies we have the world will abandon the dollar..Buy Gold

[polly7]

14. It's not just in the U.S.

I just called my investment manager and I've lost nearly 1/4 of my savings today. Not a big amount to start with, but I'm scared to death. In Canada.

[gcomeau]

20. Last line of the article... in all Caps:

"GO GET YOUR DOLLARS OUT FROM YOUR BANK NOW, AND DO IT FAST!!!!"

Pretty sure it's talking about the bank.

[Winterblues]

21. Do they have banks in Argentina?

I believe she was talking throughout the world, but who knows ..:shrug:

[girl gone mad]

6. I think we've got a long time before we face the danger of hyperinflation.

There is just too much wealth disappearing. I've been mostly in treasury market funds for over a year, with a nice hedge in the yen and some foreign stock (which have been getting killed). I've had another buy order for treasuries for several days that hasn't been filled.

Deflation will be with us for a while. There's no need to panic. Careful moves out of stocks and into cash would be advisable for now. It's all about safe havens. Once the perception turns, the dollar may drop, but it looks strong for the near term.

[melody]

12. Can I tell you I really enjoy your posts?

You're one of my favorite posters. You know your stuff and you relate it intelligently and succinctly. Good work.

[TahitiNut]

17. Anyone using a Bernie Sanders avatar can't be all bad, huh?

:silly: