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sábado, 18 de julio de 2009

How to get ready for a bank Holiday

Hi, there are rumors that bank holiday is coming for the USA.




Bob Chapman is telling that reliable sources had told him that the USA is preparing for a bank holiday in August-september 2009.
Rumor has it that Us Embassies are buying foreing currencies in advanced because troubled times are ahead.

Some tricks for a bank holiday and from the REAL EXPERIENCE let me tell you this:

1) people who is sicked and need the money for medical procedures may not get the money soon enough , so people in extreme medical conditions who need money at the bank may die because of withdrawal limits. Lots of sicked-money at the bank- trapped people died in the last big financial collapse in this continent, which was the Argentinian collapse of 2001.
2) It is a very nasty experience not being able to withdraw your money. Violence at bank branches are common things in a "bank holiday environment". Bank employees may get their most stressful times at work with a bank holiday. Violence will be present. Suicidal customers and nervous customers may be also present at the bank office.
3) In a corrupt country, it should be easy to use some contacts or friends in the Justice who can get your a quick-approved "justice order" to get the money. A real "justice-orders" to get the money industry will appear. Lawyers , justice employees and justice authorities may have a party with a bank holiday
4) Find "holes" in the legal system. When the bank holiday happened in Argentina, "withdrawal limits" were not a requirement for SENIOR CITIZENS. SO WHAT WAS THE TRICK?
MAKE A SENIOR CITIZEN A CO-OWNER OF bank accounts. The exception to the law was: "senior citizens, due to their need of income don`t get withdrawal limits the size that ordinary population". That depends on the country. I don`t know if I explained this correctly , but I hope you got the point.
5) If bank holiday must be in placed for WEEKS then withdrawal limits will be a reality.
Bank clerks WILL BE the people who will find the way to overcome the withdrawal limits since they may open for themselves several bank accounts and then withdraw from each of the accounts up to the maximum amount. If you fear of a bank holiday then open several accounts, send some money outside your country, convert the money to physical things like gold , silver or something that you can trade for.
6) Try to get a friend who is a bank clerk. He should find the way "out of the mess" and bring you more results faster than a lawyer.
7) If you don`t feel sure, just don`t keep too much money at the bank. Or open a foreing bank account.
8) Bank holidays and withdrawal limits come overnight. Don`t expect a Obama giving a speech so you will learn in advanced. Maybe they can send you some "buzz words". But you won`t give a prior notice.
9) Argentinian traders found loopholes and exploited the system in their favor. One trick was that they bought Argentinian stocks that were being traded at a foreing exchange like Us markets. They bought the certificates in the Argentinian market and liquidate or close the position in the foreign market. ( Example: they bought a argentinian bank stock in ARgentina and sell the same stock in the US market ). hope you got the point here. They got the money in a us bank account. No withdrawals and away from argentinian banks. Very nice trick. The government was very slow to detect this.
10) Prepare in advanced. It won`t hurt you and may be free. You could save lots of money . If this is true, you only got no more than 90 days.



Hope you enjoy these 10 tips.

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