We'll take a look below at the recent 'pivot' that has taken place with China's RMB and this Federal Reserve decision in the 1st video below featuring Rick Wiles. Gerald Celente joins Alex Jones in the 2nd video to talk about the 'economic storm of the century' that lies ahead for us. We also take a look below videos at 2 new SQAlerts including one from a reader whose clients include 'too big to fail banks' and an emergency preparedness order that recently came in.
We all know such a scenario, or most any scenario involving the collapse of our financial system, would quickly lead to absolute disaster and utter chaos as millions would instantly become vulnerable with ever decreasing supplies and a broken supply chain. This story from SHTFPlan called "The Yuan Ascends To World Reserve Status: 'Dollar System Being Done Away With" lays it out perfectly for those who might not grasp what this all really means.:
"Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place.
As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, the euro, the pound and the yen.
The IMF decided to grant this upgrade as a result of financial and monetary benchmarks that Chinese leaders worked towards during the past several years. Its implications run deep.
Collectively speaking, most Americans take for granted the system in place to deliver essential supplies to their area. “The system,” an underlying infrastructure that keeps goods, services and commerce in America flowing creates a sense of normalcy and order. Food, water, gasoline and medications are just a few of the items restocked weekly in order for our dependent society to maintain a steady flow. What many fail to grasp is just how fragile the system is and just how quickly it can collapse.
I work for an organization over 1,000 employees whose clients are banks including some too big to fail. We are quickly assisting in preparing continuity of business plans in case a natural or man made catastrophe occurs. What hardware/software etc. we would need and how quickly to be up and operating onsite or remotely. I find this combination very concerning given current events. An EMP G_d forbid we'll be back to pencil and paper.
Please advise the Hagmann's whose mailboxes have been full recently. Pray for a positive outcome and we get through this.
In reference to the MK's comments about back up software for the banks... those in the financial services industry have had to do these business continuity plans for years. It's about time they started looking at backup software (if it is possible they are concerned about their depositors, which is highly unlikely).
Coming from the days when there were small, independent brokerage houses all over the country, the best advice I can give is not to hold anything in street name (if you are still in the market) and keep a hard copy paper trail of everything. Computers do nothing but centralize the control over everything. Things were more secure when it was all paper and pencil.
Pretty soon your stockbroker will be nothing more than a teller. All the portfolio management will be done by the last banks standing. The Dept of Labor is busy setting up the protocols for eliminating investment advisers, (the 12(b)(1) fees will be eliminated at the first of the year) so they can eventually confiscate all retirement assets. This isn't going to happen this week, but the wheels have been set in motion for this ultimate goal. Every dime in your IRA, 401K, 403B, etc. will be tracked by the DOL. Nobody will be able to move a penny, even to liquidate it and put it in a individual account, without the DOL tracking it.
If you buy hard assets, make sure you SS# (or other identification) is not attached to it. Keep it safe with your AR-15.
As Hawk says, prepare for everything to go wild weasel (sooner than later).