Bank Holiday???… During Next Crisis, Elite Likely To Close Banks For 10 Days!

September 14th, 2015

Awake Goy

When
China falls and the global “tailspin” occurs and the ripples start
being felt across the globe, central banks have the legal mechanism in
place to simply prevent depositors from accessing their money for up to
10 days.
~ Susan Duclos – Video

Some very disturbing news is coming from financial industry insiders
with the Daiwa Institute of Research, a think tank owned by Daiwa
Securities Group, the second largest brokerage in Japan after Nomura.

The
breaking ranks with other global financial institutes and describing
what they believe is the “most likely” scenario which they assert will
send the “world economy into a tailspin” with the global impact being
“the worst the world has ever seen.”

The entire technical
explanation is detailed at ZeroHedge, but the bottom line is Daiwa has
calculated what will happen on a global scale when China’s economic
bubble bursts and have conlcuded the following:

“Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur.
It is actually a more realistic outcome than the capital stock
adjustment scenario.

The point at which the capital stock adjustment is
expected to hit bottom is at a much lower point than in the previously
discussed capital stock adjustment scenario (see Chart 8).

As shown in
the bottom right portion of this chart, the actual economic growth rate
will continue to register considerably negative performance.

If
China’s economy, the second largest in the world, twice the size of
Japan’s, were to lapse into a meltdown situation such as this one, the
effect would more than likely send the world economy into a tailspin.

Its impact could be the worst the world has ever seen.“

Charts and details at ZeroHedge.

The
majority of people who are not industry insiders, who aren’t interested
in the stock market, aren’t traders or involved with the industry, just
want to know how they will be affected when the next major crisis
occurs. That is where the dire warning coming from Phoenix Capital Research comes in .

They show clear signs that the “elite” know the next crisis is on
the door-step and explain how said political/financial elite are
preparing for it over the course of the last three years.

Quotes:

Large
clearing houses (ICE, CEM and LCH which oversee the trading of the
$700+ trillion derivatives market) ALL began accepting Gold as
collateral back in 2012 [….]

China’s Shanghai Gold Exchange said it
will allow physical gold to be used as collateral on futures contracts
from Sept. 29, according to a statement posted on its website on
Thursday.

Phoenix Capital Research states “These are clear
signals that the large financial firms are aware that most derivtiuves
(futures, options etc) will be worthless during the next Crisis.”

How will this affect the average American citizen?

Another
sign that the Powers That Be know something nasty is approaching comes
from recent legislation being implemented to make it much harder to move
money into physical cash.

If you find difficulty in
taking my word for this, consider the recent regulations implemented by
SEC to stop withdrawals from happening should another crisis occur.

The regulation is called Rules Provide Structural and Operational
Reform to Address Run Risks in Money Market Funds. It sounds relatively
innocuous until you get to the below quote:

Redemption Gates – Under the rules, if a money market fund’s level of
weekly liquid assets falls below 30 percent, a money market fund’s board
could in its discretion temporarily suspend redemptions (gate).

To
impose a gate, the board of directors would find that imposing a gate is
in the money market fund’s best interests.

A money market fund that
imposes a gate would be required to lift that gate within 10 business
days, although the board of directors could determine to lift the gate
earlier.

Money market funds would not be able to impose a gate for more
than 10 business days in any 90-day period…

Also see…

Government Money Market Funds – Government money market funds would not
be subject to the new fees and gates provisions.

However, under the
proposed rules, these funds could voluntarily opt into them, if
previously disclosed to investors.

In simple
terms, if the system is ever under duress again, Money market funds can
lock in capital (meaning you can’t get your money out) for up to 10
days.

If the financial system was healthy and stable, there is no reason
the regulators would be implementing this kind of reform.

You can find those quotes in the U.S. Securities and Exchange Commission press release from July 2014 titled “SEC Adopts Money Market Fund Reform Rules.”

The
question now becomes how close are we to seeing what Daiwa considers
the “most likely” scenario? According to reports published this morning
by ABC Net and BBC, among others, “China’s economy shows more signs of weakening,” and there are “New signs of economic slowdown,” in China.

As we have encouraged in the past, have cash on hand because
when it comes crashing down… it will be too late.

Source

September 13, 2015 – KnowTheLies.com