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Editorial
See other Editorial Articles

Title: Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo
Source: [None]
URL Source: http://www.prisonplanet.com/financi ... says-secret-citibank-memo.html
Published: Nov 29, 2008
Author: Mike Adams
Post Date: 2008-11-29 10:51:15 by christine
Keywords: None
Views: 215
Comments: 6

An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist.

He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into “depression, civil disorder and possibly wars.” Either outcome, he says, will cause the price of gold to skyrocket. Gold will push to well over $2,000 per ounce, he explains.

The timing on all this? Sometime in either 2009 or 2010, said the analyst.

This coincides with predictions I’ve made here on NaturalNews.com, where I’ve publicly predicted price inflation of 20% - 40% in 2009, and the financial collapse of the United States government (sometime before 2025) due to an irreversible debt burden.

I’ve also predicted that when the people wake up and realize their dollars have been looted by the Treasury and turned into worthless pieces of paper, there will be riots in the streets.

These events have already been set into motion. It is now only a matter of time until they bubble to the surface. On the day the mainstream taxpayers actually figure all this out, don’t be caught out in public. Stay home.

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Begin Trace Mode for Comment # 6.

#1. To: christine (#0)

“depression, civil disorder and possibly wars.”

And just what might trigger off a total "excuse" for a total government takeover?

Cynicom  posted on  2008-11-29   11:04:15 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Cynicom, christine (#1)

www.Shadowstats.com says the Monetary Base is growing at 75% and M3 is growing at 15% so we can expect inflation to pick up in 2009.

We are on track to add at least 4 trillion dollars to the national debt in 2009. Currently, our debt ceiling is 11.3 trillion dollars. To add that much debt with a 15% inflation rate we will have to pay at least 15% interest. 15% on 15 trillion dollars less the 5 trillion held by government agencies which works out to 1.5 trillion dollars a year. We can afford this and the increased spending Obama promised by simply eliminating the military and Social Security.

Horse  posted on  2008-11-29   11:40:26 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Horse (#3)

We can afford this and the increased spending Obama promised by simply eliminating the military and Social Security.

LOL.

You're absolutely right, Horse, and nothing would please me more, but I couldn't keep from laughing.

If anyone seriouly threatened military spending, the Pentagon would send out spooks who would turn their head into a canoe. Whack the source of SSI, and recipients would burn your house down.

I'm afraid that the only event that could bring an end to the evil twins - the Welfare State and the Warfare State - is the total collapse and reorganization of the system. Unfortunately, the cure that cataclysms entail are usually worse than the disease that occasioned them.

You may gather that I'm not sanguine on our future.

randge  posted on  2008-11-29   14:10:29 ET  Reply   Untrace   Trace   Private Reply  


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