American Embassies Urged to Stockpile Local Currencies

A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming:

Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.

Investment advisor and former Army Counterintelligence officer Bob Chapman is saying the same thing, reporting on the possibility of a so-called “bank holiday” planned for late August or early September. According to Chapman’s sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate.

Leading trend forecaster Gerald Calente has also repeatedly predicted a “bank holiday”.

But the rumors of embassies being advised to stockpile local currency is stunning and – if true – point to a possible huge devaluation in the dollar.

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  • http://www.blogger.com/profile/08447456005363321513 The Prudent Investor

    er, I ran this story a month ago http://prudentinvestor.blogspot.com/2009/06/newsletter-us-embassies-are-advised-to.htmlI am on guard for further developments on this issuebestToni

  • http://Anonymousnoreply@blogger.com Anonymous

    Well bugger me. Northcom are running a huge 'terrorist' training exercise involving foreign troops on US soil from the 27th of July. This coincides with WHO pandemic emergency drills on the same date running for 5 days!! Somthing is going to happen. As Jane Burgermeister (birdflu666 site) says US could be facing an attempted coup very soon by Facist Neocons otherwise known as the New World Order or Illuminati. Remember on 9/11 there was a drill to mask the true event….well it could happen again. This time a UN traning exercise could mask a WHO operation to force vaccinate population and send disidents to Fema camps!

  • http://Anonymousnoreply@blogger.com Anonymous

    I understand the predictions, comments and rumors. But what is the source of this story? Are embassy people talking? Are there any hard documents floating around? Im an american living in Asia and there is no word about this anywhere. If dollars are being dumped, who is accumulating them and why? A bank holiday would mean the demand should increase for USD, thus pressing the price upward now but the price is either stable or slightly declining. I need more hard facts, not just paranoid rumors.

  • http://evilvonscarry.blogspot.com/ Evil von Scarry

    Ive heard this from allot of sources but not from verifiable sources… another internet rumour gone wild? If anyone has any hard data or someone willing to go on the record. Hell even a " we can neither confirm nor deny….." I would settle for that.

  • http://www.blogger.com/profile/07634532733447851966 the modern day outlaw

    There was also rumors about fema having talks with local law inforcement about a possible bank holiday in september. Does anyone in law enforcement know anything and have the courage to do whats right and inform us of such an event? Im sure they are to keep things pretty hush, hush but most everything seems to be just rumors with no factual evidence, or at least nobody thats willing to talk about it. Does anyone think it would be hard to keep this a secret? That would be kind of hard , right? Can someone confirm their information as fact?thanks,peace

 

 

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