Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	9/2/2009 9:38:28 AM
	3 Recommendations Read Replies (2) of 116555

Basel III The plan is for the Federal Reserve to be terminated by the end of the present U.S. Government's fiscal year of September 30, 2009. Any bank not having a gold charter and not compliant with Basal III will be closed. The Federal Reserve note will be destroyed and we shall have our gold backed dollar back as required by the Constitution of the Republic of the U.S. of A. The FRN will be exchanged one for one for the new currency. --- The question is which banks are compliant! That is if it they beat the FED; going to get real interesting in the coming month! This stuff is not fantasy folks; do some homework on Basel II. And if it does happen all the bad banks are wiped out; and the system can reset... If we see markets strong this month or weak you will understand what is ongoing. This stuff is not main street press! If the FED resists markets will crash this month. West

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